With their first ever seminar in Pune, JETRO reaches out to the IT denizens of the silicon city to convey the benefits for Indian companies who intend to set up businesses in Japan.
Pune, Maharashtra, December 14, 2016 -In order to attract Indian companies and nationals with sterling business opportunities in Japan, the country with the third highest GDP in the world1, the Japan External Trade Organization (JETRO) has organized the first Pune Invest Japan Seminar, along with the Mahratta Chamber of Commerce Industries and Agriculture (MCCIA) and the National Association of Software and Services Companies.
Reasons for Pune to Invest in Japan
The seminar is well thought out, stepin promoting business and investment between India and Japan admitsTakeshi Honjo, Director General of JETRO Mumbai. He says, “In recent years, Japanese companies have increasingly being setting up their businesses in Pune, and trade interaction between Pune and Japan is on the rise. Furthermore, compared to other cities in India, Pune has the highest numbers of Japanese language students.”
“Additionally, there is high potential for investments to Japan from Pune thanks to the concentration of IT companies. So, there is obvious reason that JETRO has targeted Pune as a great place to promote investment in Japan,” he added.
Existing India-Japan connect
Dr. Anant Sardeshmukh, Director General, MCCIA on the occasion said, ”both Countries have a mutual understanding and while we encourage Indian’s to invest in Japan, we also urge Japanese Industrialist to invest in Pune, as the city has enabling parameters.”
There was an interesting insight by the speakers, whether it was the Director General of MCCIA, Dr. Anant Sardeshmukh, Mr. Ulhas Acharya, CEO-Sun and Sands Info Private Ltd President of Association of Friends of Japan (Pune), Sameer Khale or President of AVIN Systems Pvt. Ltd, Vivekanandan B (Anand), they all agreed on the fact that while the two cultures may seem different—they have quite a few features in common. Indian and Japanese values are similar in some important subjects and quite complementary to the other, in the remaining matters.
To support Indian companies invest more in Japan
“The economy of Japan is showing sturdinessand the volume of FDI to Japan is on the rise– by the end of 2015, it had reached the historical heights of 24.4trillion yen–yet the flow from India is much slower than various other countries. So, JETRO is specifically looking towards India to attract more companies to Japan, with full supportfrom the Japanese government in terms ofeasing regulations and providing incentives,”Honjo added.
He further clarified, “JETRO’s objective is to identify companies that are interested in investing in Japan and to support them through our personalized support to make inroads in to the country. At JETRO, we have also identified some ways to support Indian companies to enter Japan. They are as follows:
In a recent announcement, it has been revealed that the Ministry of Economy, Trade and Industry (METI) has deployed an Indian national atJETRO head office to take in charge of the India Desk. This arrangement has been made to support Indian companiesinterested in starting up business in Japan.
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