ANNOUNCED AS TEMPORARYNo
On 5 March 2013, the Innovation Network Corporation of Japan (INCJ) announced to support Nikko Textile Corporation with a Ą3bn (US$31.23 million) investment for business development.
INCJ argues that given the price competition from foreign companies in the textile industry, its investment will foster growth and accelerate the company's expansion in the global market. The INCJ is a public-private partnership established in July 2009 with the aim of providing financial, technological and management support for businesses in Japan.
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