New Delhi, Feb. 16 -- India has emerged as a major investment hub for Japanese businesses exploring a 'China-plus' supply chain strategy, Kenichi Kimura, chief executive officer of Deloitte Japan, said in an interview highlighting the steep increase in Japanese FDI into India in recent years.

Kimura, who was on a visit to India, said in an interview in the capital on Friday that India has the advantage of a big domestic market, which some of the other emerging Asian economies do not have. In addition, India also acts as a gateway for Japanese factories to export to the Middle East and Africa, which puts India in a sweet spot.

Figures speak volumes about the realignment of investment taking place in Asia. Data available from Japan's fina...