Japan to Invest $6.4 billion in Green Technologies

Japanese government and industries are likely to invest $6.4 billion in green energy technologies over the next 15 months.

The Japanese government would offer subsidies worth $1.9 billion while the rest of the investment is likely to come from some 142 companies which include Fuji Electric Holding, Toda Kogyo Corp, Toshiba Corp, Sharp Corp and Panasonic Corp. Investments would be made in a wide range of green technologies like fuel-efficient cars, energy-efficient appliances, LED lighting systems and solar panels.

The $6.4 billion investment is expected to create about 10,000 jobs directly within the next 15 months as companies expand their manufacturing infrastructure and production capacity.

Other industries which provide services and equipment for the production of these green products would indirectly contribute in generation of another 85,000 jobs. This investment is likely to create an annual product demand worth $22.9 billion.

The Japanese government is pretty serious about lending credit to companies now that the country has learned the lessons from the global economic crisis. The government has made it clear that it wants to see solid results in terms of meaningful economic growth.

Japan to Invest $6.4 billion in Green Technologies | CleanTechies Blog - CleanTechies.com