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Japanese SMEs keen to invest in India
Date : 2013-11-20
Around 100 small and medium scale enterprises (SMEs) from Japan are keen to invest in India, despite the slowdown in the Indian economy. These SMEs will hold a meeting with some Indian companies in Oklahoma on 7 October under the aegis of the Japanese Ministry of Economy, Trade and Industry.

The Japanese government is impressed with the success that big and small companies that have invested in India have achieved. According to FICCI estimates, 1,000 Japanese companies have already invested $14.75 billion in India.

"Though business sentiment is a bit disappointing in India, Japanese companies believe this to be a temporary phase. Several Japanese companies like Suzuki, Honda, Toyota, Nissan, Sony, Mitsubishi and Yamaha have invested in the country and their ventures have been quite successful," said Deb Mukherji, ADM Technologies' managing director, who will be a part of the Indian delegation. The company offers a variety of services to foreign clients who are planning to set up projects in India.

Mukherji said that the 100 SMEs that are participating in the event are related to sectors such as automobile, electronics and aerospace. "Many big companies are already operating in India but the entry of Japanese SMEs with their good technology base, will complement their requirements, and thus help expand their operations in India," he said.

Besides attracting FDI, their entry will also help local manufacturers to become more competitive through technology transfers, create more job opportunities and lead to human resources development.

There have been multiple efforts to boost India's engagement with Japanese SMEs. This month, a FICCI delegation led by Onkar Kanwar, past president and CMD of Apollo Tyres, visited Japan to explore business opportunities. The delegation comprising 70 companies and over 100 participants, took part in the joint meeting of the India-Japan Business Cooperation Committee. During the meeting, the trade body released a "Guide for Investment in India", a joint endeavour with Amarchand Mangaldas, to help SMEs invest in the country, said a FICCI spokesperson.
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