Monozukuri is a Japanese word that literally translates to “the making of things” in English. However, a more complete definition would be “the art of making things in the spirit of research and creativity.” Greater Nagoya, the area within a 100km radius of Aichi’s capital Nagoya, is the monozukuri capital of the world.
Responsible for generating more than one percent of global GDP, Greater Nagoya encompasses some of the world’s top clusters of cutting-edge industry, IT and other advanced sectors including pharmaceuticals and biotechnology. Now, it has its doors wide open to international businesses or investors who want to infuse their operations with the unique spirit and opportunities that this powerful area presents.
With a highly internationalized economy, leading companies operating in the region like Toyota, Honda and Mitsubishi are always on the lookout for new international partners to help them develop business offerings.
The Greater Nagoya Initiative Center (GNIC) was established in 2006 to globally showcase the opportunities that the area has to offer and to further attract FDI. The GNIC also facilitates investment, acting as a one-stop shop for foreign companies and offering business support to its members.
The Nagoya government has also introduced subsidies, incubation facilities equipped with product research and development tools, and a variety of business support programs designed to assist businesses entering the market.