New Delhi, Jan. 6 -- After Japanese investments into India hit a high last year, some of the largest companies of the East Asian country are now looking to expand or establish tech centres to tap India's deep talent pool.

At least three major Japanese groups-Mitsubishi UFJ Financial Group (MUFG), Nidec Corp and Daicel-owned Polyplastics-are in various stages of setting up or expanding technology centres in India, according to two people with knowledge of the matter.

This signals India's rising appeal as a tech offshoring hub as cash-rich Japanese companies grapple with an ageing population and shrinking talent pipeline. This also comes amid growing discomfort with China as a high-risk geography for intellectual property.

The focus foll...