INDIA JAPAN GLOBAL PARTNERSHIP SUMMIT SEPTEMBER 5~7, 2011, TOKYO, JAPAN Announcement of
INDIA-JAPAN GLOBAL PARTNERSHIP SUMMIT 2013 NEW DELHI, INDIA - DECEMBER 27, 2011
COVERAGE DOSSIER An Initiative of:
India Center Summit Secretariat Office, India: 6-B, Jor Bagh Lane, New Delhi-110003 Tel.:+91-11-4361 9999, 2465 1480, Fax: +91-11-2465 1481 Summit Secretariat Office, Japan: 2F Kitazawa Building, 2-5 Kandajibo-cho, Chiyoda-ku, Tokyo-1010051 Tel.: +81-3-35118781,1Fax: +81-3-35118782
Glimpses of the India Japan Global Partnership Summit (IJGPS) - 2011
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DELHI, HARYANA HOPE TO ATTRACT INVESTMENTS AT INDIA-JAPAN SUMMIT September 4, 2011 Delhi and Haryana are hopeful of attractive investments and tie-ups in key sectors at the India Japan Global Partnership Summit 2011, scheduled to be held in Tokyo Monday. The Delhi government is looking at attractive investors to fund various Delhi State Industrial and Infrastructure Development (DSIIDC) projects and tieup with a Japanese consulting firm to provide advisory services for companies operating in the national capital region.
‘We are enthusiastic about the immense possibilities to be explored in the summit for the technology up-gradation and trade advisory services for small and medium enterprises of Delhi so that they can compete globally, said Ramakant Goswami, the Delhi government’s minister of industries and labour. We will also look forward to a partnership for DSIIDC with a consultancy advisory organization supported by the Government of Japan to establish a centre in Delhi, added Goswami. The Haryana government too
hoped it would be able to attract investments into the state and said the state had adequate infrastructure in place to cater to large industries. ‘Haryana has impressive infrastructure facilities in power, road & rail transport, health and education, well developed industrial estates, good banking facilities, reliable communication network, modern technical institutes and developed commercial markets,’ said Chief Minister Bhupinder Singh Hooda.
DELHI, HARYANA HOPE TO ATTRACT INVESTMENTS AT INDIA-JAPAN SUMMIT 4th September, 2011 A three-day India-Japan Global Partnership Summit (IJGPS) kicks off in Tokyo Monday, where policymakers, opinion leaders and business captains will exchange ideas on strengthening economic ties between the two Asian nations, besides greater regional integration. “Asia is clearly emerging to be the leading growth centre of the world’s economy. The need of this decade is to establish the roles of global partners, India and Japan, as part of a synchronised nation-building processes,” the India Centre Foundation, the organiser of the summit, said.
“India and Japan have great potential for furthering areas of cooperation through joint partnerships and infrastructure and knowledge projects,” the Founder and Director General of the IJGPS and Chairman of the India Centre, Vibhav Kant Upadyay, said. Eminent policymakers, academicians, opinion leaders and corporate chiefs of both nations will participate in the summit, he added. The summit provides an opportunity to exchange ideas on a prospective roadmap for India and Japan to collaborate with each other and global partners to promote sustainable economic growth and peace in Asia and the rest of the world, Upadyay said.
Those who have been invited to the summit include Railway Minister Dinesh Trivedi, Commerce and Industry Minister Anand Sharma, Reliance Industries Chairman Mukesh Ambani, Jubilant Life Sciences CoChairman Hari S Bhartia and Religare Enterprises Group CEO Sachindra Nath. The focus of the business forum during the summit would be food security, environmental issues, healthcare, education and manufacturing, besides other important issues, he added.
JAPANESE COS URGED TO INVEST IN INDIAN INFRASTRUCTURE September 05, 2011 Pointing to inadequate presence of Japanese companies in India, RIL chief and co-chairman of India-Japan CEO Forum Mukesh Ambani Monday said business houses here can take advantage of growing investment opportunities in the Indian infrastructure sector. “Lack of market for Japan and India’s need for investment and its domestic market can easily become the triggers for strengthening our bond (business relationship),” he said while addressing the India-Japan Global Partnership Summit 2011.
India is proposing to double investment in infrastructure sector to USD 1 trillion during the 12th Five-Year Plan starting from April 1, 2012. Japan, according to Ambani, lags behind other countries in capitalising on India’s fast expanding domestic market. He further said that although about 350 Japanese companies are operating in India, “this is one-fifth of the Japanese companies that do business in China.” The RIL chief also underlined the need for strengthening partnership between small and medium enterprises between India and Japan.
“We really look forward to bringing in the small and medium seized Japanese businesses...We can bring in and combine technology, maturity and experience of Japanese businessmen with the youth in India,” Ambani said. The vision, he added, “is that we transfer a massive scale small and medium businesses from Japan to India, not only to serve Indian markets but together to really try and serve the world markets from India”. Moreover, he said creative partnership can be created in fashion, music and animation. Besides, India, which is emerging as a major tourist destination, there was a potential for partnership in tourism sector as well, Ambani added.
PVT FIRMS TO EXIT DELHI-MUMBAI CORRIDOR CORP
September 06, 2011
A crucial finance ministry proposal under consideration of the Cabinet has proposed a major equity restructuring plan to replace existing private financial institutions —IDFC and IL&FS — with government owned financial institutions in the Delhi-Mumbai Industrial Corridor Development Corporation Ltd (DMICDC). IL&FS and IDFC together hold 51% in DMICDC, wherein IL&FS holds 41%, while IDFC holds 10% stake. “The finance ministry is keen to bring in government-owned financial institutions in DMICDC to replace existing private financial institutions,” said Amitabh Kant, CEO, DMICDC, on the sidelines of the India-Japan global partnership summit being held in Tokyo. “This is being done to avoid a conflict of interest at a later stage as private financial institutions have also evinced interest in making downstream investments in the project,” he said.
“Japanese funding institutions such as JBIC and the Japanese government’s ministry of trade and industry have agreed to finance the remaining $4.5 billion, to be provided in three phases over three years,” Kant said.
“LIC and HUDCO are likely to replace the private financial institutions,” said a senior government official attending the summit. “The exit proposal has been made on the basis of finance ministry’s recommendations to Cabinet.” When contacted by HT, a senior LIC official denied the move and said “we have no such plans.” “IDFCs mission is promotion of infrastructure and we had taken the stake in DMIC to enable the process,” an IDFC spokesman told HT. “We have not formally heard from the government or DMIC, however we would have no issue to exit DMIC.” In order to fund the DMIC project, the government is planning to create a $9 billion (R40,500 crore) revolving fund for DMICDC. “Under the proposal — which has already been moved to the Cabinet — the government will put in $4.5 billion and the remaining $4.5 billion will brought in from Japanese banks and financial institutions,” he said.
The 1,483-km-long DMIC corridor running through seven states — Delhi, Uttar Pradesh, Haryana, Rajasthan, Gujarat and Maharashtra — will come up alongside the proposed Delhi-Mumbai dedicated rail freight corridor. The industrial belts covered by the plan include Dadri-NoidaGhaziabad in UP; Manesar-Bawal in Haryana, Khushkhera-Bhiwadi-Neemrana in Rajasthan, Pitampura-Dhar-Mhow in Madhya Pradesh, Ahmedabad-Dholera in Gujarat, Igatpuri-Nashik-Sinnar and Dighi Port Industrial Area in Maharashtra.
HOODA INVITES JAPAN TO INVEST IN HARYANA
September 06, 2011
Industries Minister Randeep Singh Surjewala explained what made Haryana a preferred destination for investors. The state offers tremendous investment opportunities in view of infrastructure facilities backed by sound policy and peaceful law and order situation.The session was moderated by Rajeev Arora, Managing Director of HSIIDC, who made a comprehensive presentation on �Destination Haryana�. It witnessed signing of MOUs by Indian and Japanese companies, including three MOUs by Navin Raheja of Raheja Developers with Zenrin Co.- Abacus Venture; Okamura Homes Co.; Abacus VentureQuantum Leaps Co. The other MOU was signed by the Pranav Gupta of Parabolic Group with a leading Pharmaceutical company of Japan.Earlier
ceutical industry in the Japanese market, and help meet Japan’s growing demand for high quality and relatively inexpensive generic medicines.India welcomes greater Japanese participation in Indian industry through foreign direct investment. He sought creation of new capacity in India’s manufacturing and infrastructure sectors and freer flow of high-end technologies. The Chief Minister also met Osamu Suzuki of Suzuki Motor Company of Japan. The two discussed issues relating to the investment proposals of Suzuki in Haryana. Suzuki also apprised the Chief Minister about the progress of the on-going projects in Haryana. The meeting lasted for about an hour. The Chief Minister later inaugurated the Haryana expo at the summit site, where the achievements and investment opportunities in Haryana have been displayed.
during the day, Capt Yadav, Surjewala, and Rao Narender Singh, Health and Medical Education Minister, addressed separate sector-specific sessions and issues and also answered queries of the gathering. The official-cum-business delegation, led by Hooda, reached Tokyo yesterday. The delegation is on a visit to Tokyo for participating in the India-Japan Global Partnership Summit 2011 being held from September 5-7. Speaking at the opening session of the summit, Hooda highlighted the importance of building relationship between the two sides. He stressed the need for combining the technological prowess of the Japanese with the enterprise and technical skills of Indians. The Chief Minister said that a comprehensive economic partnership agreement between the two would create new opportunities for India’s pharma-
BRING SME BUSINESS TO INDIA, AMBANI TELLS JAPAN
September 05, 2011
Billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, said on Monday that his company was looking at forging new partnerships with small and medium enterprises (SMEs) in Japan. “We need to look for new dimensions in partnerships,” Ambani said at the inaugural session of the three-day India-Japan Global Partnership Summit at Tokyo. India’s power and infrastructure hold tremendous potential, which Japan SME sector would does well to tap, to “com-
mies.At a time when countries around the globe are reeling under sovereign debt burden, new grounds have to be broken to meet these challenges. While calling for partnerships between India and Japan, Ambani said India-Japan relations should not be restricted between government to government or large corporations but a cross section of people. Speakers from Japan’s government authorities echoed his sentiments and said they believed that trade with India will soon exceed Sino-Japanese trade.
bine technology, maturity and experience of Japanese businessmen with the youth in India” he said. Transferring such businesses from Japan to India will serve the Indian markets and help reach out to the world. “Such win-win partnerships have to be created as we go along…creative partnerships,” he said. The centre of economic gravity has moved from the west to Asia, he said, and Japan and India can together carve out a way to emerge the world’s two strongest econo-
INDIA, JAPAN TO SYNERGISE SOCIO-ECONOMIC DEVELOPMENT-LINKED ENERGIES AT TOKYO SUMMIT September 11, 2011 Ushering in a new era of bilateral ties, India and Japan are synergising their energies towards socio-economic development - not within their own territories, but in Asia and across the world. On August 1, 2011, India and Japan executed a Comprehensive Economic Partnership Agreement (CEPA), aiming to provide greater access to each other’s markets and almost double the bilateral trade from 12.6 billion USD to 25 billion USD by 2014. The agreement came into existence when both countries signed the CEPA on February 16 in Tokyo and exchanged diplomatic notes on June 30. The Indian business fraternity believes the deal would allow India to use Japanese investments, technology and management practices more effec-
tively and efficiently. “Japan is extremely important to Indian industry. It is important for technology, it is important for raising funds, it is important for making the business connections, it is important for providing global avenues for our products and for jointly working together to create more markets for Indian companies. I am very much looking forward to the expanding of both the trade and investment between Japan and India,” said Rajesh Shah, cochairman and managing director of Mukund Ltd. Indo-Japan bilateral ties will gain further momentum when industry leaders, policy makers, academicians, researchers and young leaders meet with their global partners at the India-Japan Global Partnership Summit in Tokyo between September 5 and 7. Organised by the India Center Foundation to mark the 10 years of the an-
nouncement of India Japan Global Partnership Agreement, the Summit will allow B2B strategic ventures, alliances and partnerships to create a new socio-economic framework. The summit will include an India-Japan Expo and five concurrent forums, including business, academic, policy, youth and cultural forums of non-governmental initiatives. Among those confirming full support at the occasion were Yoshiro Mori, Shinzo Abe and Yukio Hatoyama, former Prime Ministers of Japan. Japan’s innovations and technological know-how and India’s abundant manpower with strong scientific, technical knowledge will form an alliance that could transform challenges into opportunities.
TO CONTINUE TO PARTNER WITH JAPANESE COS: MUKESH AMBANI September 05, 2011 About two months after the IndiaJapan Comprehensive Economic Partnership Agreement became operational, about 600 delegates, that includes businessmen, chief minister of states and technocrats have come to Tokyo to explore new business opportunities through the India-Japan global partnership summit.
The three day event has Reliance Industries (RIL) chairman Mukesh Ambani as a mentor. According to Ambani, RIL will continue to partner with Japanese companies. Mukesh Ambani, chairman, Reliance Industries says, “Japan is undoubtedly an economic leader in Asia. India, I believe, is one of the strongest potential economies in Asia. And if these two economies get together, they get together beyond their
governments and large corporations, if we really have people to people understanding, I think that we can really carve out a way for the future which is beneficial for both the people of Japan and the people of India.”
STANCHART ADMITS ITS IDRS HAD ‘IMPURITIES’ September 07, 2011 Jaspal Bindra, group CEO, Standard Chartered Bank, on Wednesday said there were impurities in the bank’s Indian depository receipts (IDRs) and that he was not surprised by the performance of the IDRs. “When we launched the product, we already knew that the instrument had impurities,” he said, adding, that the fact that insurance companies were not allowed to invest and there was a tax inequality on retail investors, added to the problem. “So we were not surprised by the development,” Bindra told reporters on the sidelines of the India-Japan summit in Tokyo.
The UK-based bank was the first and so far the only foreign lender to issue IDRs. The issue sank to its lowest since debut a year ago after the Securities and Exchange Board of India (SEBI) said that the bank cannot convert IDRs into underlying shares.
arbitrage opportunity and did not get it but the IDR worked perfectly well for the bank,” said Bindra. “We can only control the performance of Standard Chartered which has now shown ninth year of record profit,” he said.
The fall in price did not benefit holders from arbitrage due to the price gap between Indian exchanges, where the IDRs are listed, and the London Stock Exchange or Hong Kong Stock Exchange, where the underlying shares are listed. However, though the issue fell below expectations, it worked out perfectly well for the bank. “There were some investors who were counting on the
Speaking on the recent Reserve Bank of India (RBI) guidelines on offering banking licences to corporates, Bindra said, “As long as the RBI can ensure that there is an arms length that is well enforced and there is an inclusive growth, more are welcome.”
FOR JAPAN, INDIA IS THE PLACE TO INVEST IN September 07, 2011 Japan’s new Prime Minister, Yoshihiko Noda, said on Tuesday that India is a promising investment destination and more and more Japanese companies look at investing in India. While addressing a gathering of over two thousand businessmen from India and Japan at the India-Japan global partnership summit 2011, Noda said, “Japan is looking forward to further its trade and investment ties with India and more and more Japanese firms look forward to investing in India.” More than 700 Japanese companies have already been doing business in India and even more companies look to India as a promising
investment destination,” he said, adding that he looks forward to further increase of trade and investment between the two countries. Noda said that Japan would like to contribute to further development of India, which is already showing an incredible rise. In particular, he mentioned about the DelhiMumbai freight and industrial corridor project, which has been promised a $4.5 billion assistance to the Delhi-Mumbai Industrial Corridor (DMIC). “I hope that the yen loan assistance to the dedicated freight corridor and the Delhi-Mumbai Industrial Corridor (DMIC) will produce fruitful results,” he said. Talking about the bilateral relations, Noda
said, “The India-Japan comprehensive economic partnership agreement, which came into force in August is a symbol of such economic relationship.” “Next year marks the 60th anniversary of our bilateral diplomatic relations and I look forward to further strengthening of our bilateral ties in the coming years.” Stating that both India and Japan share universal values like democracy, rule of law and market economy, Noda said “We are determined to see Japan and India — the two largest democracies in Asia — to further deepen their co-operation based on the strategic global partnership that the two countries announced in 2006.”
INDIA-JAPAN GLOBAL PARTNERSHIP SUMMIT’ TO STRENGTHEN BILATERAL TIES: MUKESH AMBANI September 06, 2011 India-Japan Global Partnership Summit’ to strengthen bilateral ties: Mukesh Ambani. The summit, which began in Tokyo on Monday, will provide a platform for a face-to-face discussion among top business leaders, policy makers, opinion leaders and academicians from both nations. “Japan is undoubtedly an economic leader in Asia. And India, I believe, is one of the stron-
gest potential economies in Asia,” Ambani said. “If these two economies get together and if they get together beyond their governments and their corporations and if they have real people to people understanding, I think we can carve out a way for the future which will be beneficial for both the people of Japan and India,” he added.
The summit is a joint venture of the governments of India and Japan, which aims towards betterment of the economic ties between the two nations apart from the political ties. The Indian delegation, which comprised some of the top industrialists of the country, is being led by Haryana Chief Minister Bhupinder Singh Hooda.
INDIA-JAPAN GLOBAL PARTNERSHIP SUMMIT 2011 ENTERS 2ND DAY September 05, 2011 In the three-day India-Japan Global Partnership Summit 2011 that got underway on Tuesday September 5, in Tokyo, Japan - Indian and Japanese leaders are engaging in building a micro road map for the macro vision of the India-Japan Global Partnership. TO MARK 10 years of the announcement of India-Japan Global Partnership Agreement, the three-day summit initiated by India Center Foundation with the help of Indian and Japanese chambers of commerce, is providing a platform for one-to-one, business-tobusiness, and policy-maker-to-policymaker interaction to chart future business opportunities between the two Asian giants. From September 5 to 7th, top business leaders, policy makers, opinion leaders and academicians from both the nations are participat-
ing via different forums to see how issues impeding the India-Japan Global Partnership can be resolved and fresh opportunities can be harnessed to achieve higher economic growth at a time when Japan is witnesing recessionary trends, and India is looking to push GDP growth towards the 10 per cent mark. In accordance with the importance of the summit, the venue is also prestigious, with The Prince Park Tower, Tokyo, one of the premier Tokyo hotels, being the place where business leaders and policy makers are meeting. Planned as a summit of two great nations, on Day 1 of the summit, participants were welcomed and registrations took place. Then followed Official opening addresses, addresses by the Summit Chairmen, and opening Speeches. After these initial proceedings got over, the Plenary Session assessed the India-Japan Relation-
ship. Then there was a special performance by Daksha Seth and Group followed by a Special Session for Indian Diaspora. In the evening there was an opening banquet featuring Indo-Japan cultural entertainment. The second day of the prestigious summit will feature many focussed and themed forums in which participants will enage based on their particular interests and business requirments and objectives. These forums will revolve around Business, Agro-Economy, Healthcare and Pharma, Energy and Environment, Infrastructure, ICT, Policy, Academic, Youth, Culture and NGO. Through the forums Indian and Japanese business leaders, think tanks, and government functionaries will aim to resolve implemenation glitches and fill information gap with respect to business opportunities.
FINMIN WANTS PRIVATE PLAYERS OUT OF DMIC FUNDING BODY September 06, 2011 The government has proposed to replace private sector players IL&FS and IDFC with state-owned institutions in DMIC Development Corporation (DMICDC), an agency which was set up to raise $4.5 billion to fund the ambitious Delhi-Mumbai Industrial Corridor (DMIC) project. “The Finance Ministry has proposed to replace IL&FS and IDFC and bring in government-owned financial institutions in DMICDC. A Cabinet note has been moved in this regard,” DMICDC Chief Executive Officer Amitabh Kant told on the sidelines of the India-Japan Global Partnership Summit.IL&FS and IDFC, according to another official that was here to participate in the meeting, could be replaced by Life Insurance
Corporation (LIC) and housing development company HUDCO in the DMICDC. The equity restructuring, Kant said, is being proposed to avoid any clash of interest between the project participants at a later stage.IL&FS and IDFC, it may be mentioned, have shown an interest in downstream investments along the DelhiMumbai Industrial Corridor, he said. The government has a 49 per cent stake in the DMIC project, while Infrastructure Leasing and Financial Services (IL&FS) holds 41 per cent and Infrastructure Development Finance Company (IDFC) the remaining 10 per cent participating interest.Kant further said India is also in talks with the Japanese government to raise another $4.5 billion for the project. “Together, this $9 billion would be used for funding commercially non-
viable infrastructure, like sewerage and drainage in the DMIC,” he added. Japan, he further said, has huge pension and post office funds which could channelised in the form of long-term debt for development of infrastructure in India. “In India, interest rates are very high. In Japan, interest rates are close to zero. They have huge savings... it’s possible for us to get long-term Japanese lending at reasonable rates for infrastructure creation in India,” Kant added. Conceived five years ago, the DMIC is aimed at setting up an industrial corridor between Delhi and Mumbai at an estimated cost of $90 billion. Besides Delhi, the project will cover Uttar Pradesh, Haryana, Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.
JAPAN’S LEADING AUTO COMPONENTS FIRM KEEN TO INVEST IN HARYANA September 07, 2011 Japan’s leading auto components company Aisin Seiki has proposed to set up a manufacturing facility at Industrial Model Township at Rohtak in Haryana over an area of 30 acres, with an investment of Rs 406 crore.
The Executive Vice President of Aisin Seiki Co Ltd, Masuji Arai said this after a meeting with Haryana Chief Minister Bhupinder Singh Hooda on the concluding day of the India-Japan Global Partnership Summit in Tokyo today.
He said the company also planned to set up another manufacturing facility for brake parts at an estimated cost of Rs 330 crore for which it would require 20 acres of land.
KYOCERA Founder Kazuo Inamori Gives Keynote Speech at India-Japan Global Partnership Summit Inamori expounds on the importance of an altruistic mindset to create mutually beneficial Sept. 7, 2011 relations TOKYO, Sep 07, 2011 (BUSINESS WIRE) -- Delivering his keynote speech at the India-Japan Global Partnership Summit 2011 which was held from September 5-7 in Tokyo, Kazuo Inamori, founder and chairman emeritus of Kyocera Corporation, emphasized the importance of adopting an altruistic approach so that the two nations can develop a true partnership based on mutually beneficial relations. “Historically, the ties between India and Japan have always been close. The relationship began when Buddhism was introduced to Japan in the 6th century. In February of this year a comprehensive Economic Partnership Agreement was signed between India and Japan. If we continue to strongly support the economic exchanges and joint projects being promoted by the governments and industries in both countries, then economic ties between India and Japan will certainly grow. That is why this summit is so important,” explained the veteran business leader Kazuo Inamori to an audience of roughly 900 people. Continuing on, Inamori stressed, “At the same time, I believe that a noble spirit must serve as the basis for economic and personal exchanges between our two countries if we hope to mutually develop based on a true partnership. The spirit I’m referring to is the ‘altruistic mind.’ The key to establishing trust
between companies in both countries is to have an attitude of doing things out of consideration for the other company’s benefit, and not solely pursuing their own profit. I have no doubt that a close relationship between our countries based on a beautiful, altruistic mind of caring for each other will greatly benefit our own citizens, and will greatly contribute to peace and progress of Asia and the world.” The Kyocera Group supports the further enhancement of India-Japan relations and was proud to be involved in the event, both by providing an exhibition and with the participation of its founder and chairman emeritus. The Kyocera Group is fully committed to the rapidly growing Indian market. In July 2008, KYOCERA Asia Pacific India Private Limited -- a Kyocera Group sales company located in Gurgaon City -- was established for marketing the company’s diverse products to the Indian market, including fine ceramic components, solar panels and cutting tools. Furthermore, KYOCERA MITA India Private Ltd., also established in 2008 in Gurgaon, last month signed an agreement for the transfer of the office equipment related business from Kilburn Office Automation in order to speed up expansion of its nationwide service and sales networks for printers and multifunctional products (MFPs). About the India-Japan Global Partnership Summit 2011
The India-Japan Global Partnership Summit 2011 is a forum for India and Japan to discuss how best to work together not only to benefit the national interests of each country but also how the two can contribute to the betterment of the whole world. The event provided a platform for face-to-face discussion among top business leaders, policy makers, opinion leaders and academics to interact and exchange ideas in a very conducive environment to produce a Micro Road Map for the Macro Vision which exists in the form of the India-Japan Global Partnership. About KYOCERA Kyocera Corporation KYO -1.74% (tokyo:6971) ( http://global.kyocera.com/ ), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of solar power generating systems, printers, copiers, telecommunications equipment, electronic components, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2011, the company’s net sales totaled 1.27 trillion yen (approx. USD15.3 billion). The company is ranked #604 on Forbes magazine’s 2011 “Global 2000” listing of the world’s largest publicly traded companies.
India, Japan to synergise socio-economic development-linked energies at Tokyo summit http://articles.economictimes.indiatimes.com/2011-08-11/news/29876407_1_india-and-japanindo-japan-akitaka-saiki/2 Aug 11, 2011 NEW DELHI: Ushering in a new era of bilateral ties, India and Japan are synergising their energies towards socioeconomic development - not within their own territories, but in Asia and across the world. On August 1, 2011, India and Japan executed a Comprehensive Economic Partnership Agreement (CEPA), aiming to provide greater access to each other’s markets and almost double the bilateral trade from 12.6 billion USD to 25 billion USD by 2014. The agreement came into existence when both countries signed the CEPA on February 16 in Tokyo and exchanged diplomatic notes on June 30. The Indian business fraternity believes the deal would allow India to use Japanese investments, technology and management practices more effectively and efficiently. “Japan is extremely important to Indian industry. It is important for technology, it is important for raising funds, it is important for making the business connections, it is important for providing global avenues for our products and for jointly working together to create more markets for Indian companies. I am very much looking forward to the expanding of both the trade and investment between Japan and India,” said Rajesh Shah, co-chairman and managing director of Mukund Ltd. Indo-Japan bilateral ties will gain further momentum when industry leaders, policy makers, academicians, researchers and young leaders meet with their global partners at the India-Japan Global Partnership Summit in Tokyo between September 5 and 7.
Organised by the India Center Foundation to mark the 10 years of the announcement of India Japan Global Partnership Agreement, the Summit will allow B2B strategic ventures, alliances and partnerships to create a new socio-economic framework. The summit will include an India-Japan Expo and five concurrent forums, including business, academic, policy, youth and cultural forums of non-governmental initiatives. Among those confirming full support at the occasion were Yoshiro Mori, Shinzo Abe and Yukio Hatoyama, former Prime Ministers of Japan. Japan’s innovations and technological know-how and India’s abundant manpower with strong scientific, technical knowledge will form an alliance that could transform challenges into opportunities. “If our wisdom and our challenges, our execution powers and energies come together, why want to limit to only small platform like India or a small platform like Japan. World is ours. We can go to every country and just see if they like our idea. If they like, they will subscribe - If they subscribe we can always ask them - we can empower you somehow,” said Akitaka Saiki, Japan’s Ambassador to India. India, a developing country with a rapidly growing economy, has a lot to gain from key ally Japan, the world’s third largest economy. In agriculture, infrastructure building, auto manufacturing and small and medium enterprises (SMEs) - there are huge opportunities for both India and Japan to work together. In an annual survey conducted in mid 2010 by the Japan Bank for International Corporation, India, for the first time, topped the list as the most attractive investment destination, overtaking China.
The survey showed that 74.9 per cent of 605 Japanese companies preferred India as their investment destination over the next 10 years. “In my own field, which is telecom, IT, software, computers, Japan has done extremely well in the last 30-35 years. I believe there are many areas like this where India could benefit from Japan and Japan can also benefit from India,” said Vibhav Kant Upadhyay, founder and director-general of IJGPS, and chairman of the India Center. India is interested in getting access to Japanese hi-tech in several sectors, especially in the dual-use field. Japan is looking at India’s growing market, acquisitions in the IT and banking sectors, build mega infrastructure projects and establish small and medium enterprises (SMEs). Japanese SMEs in diverse sectors like electronic component, logistics, and education are seriously considering long-term investments in India, particularly in Delhi-Mumbai Industrial Corridor (DMIC) belt, a mega infrastructure project of $90 billion with the financial and technical aid from Japan. A large number of Small and Medium Enterprises (SMEs) participating in the Tokyo Summit would be the biggest recipient of the outcome of the event. The India-Japan Global Partnership Summit in Tokyo will now be the focus of attention where India-Japan bilateral ties are expected to start on a new course.
‘INDIA-JAPAN GLOBAL PARTNERSHIP SUMMIT’ TO STRENGTHEN BILATERAL TIES: MUKESH AMBANI September 06, 2011 Reliance Industries Chairman and Managing Director Mukesh Ambani reckons that the three-day-long India-Japan Global Partnership Summit would go a long way in bringing the bilateral ties between both countries to a new level. The summit, which began in Tokyo on Monday, will provide a platform
for a face-to-face discussion among top business leaders, policy makers, opinion leaders and academicians from both natons. “Japan is undoubtedly an economic leader in Asia. And India, I believe, is one of the strongest potential economies in Asia,” Ambani said.
“If these two economies get together and if they get together beyond their governments and their corporations and if they have real people to people understanding, I think we can carve out a way for the future which will be beneficial for both the people of Japan and India,” he added.
Japan’s leading auto components firm keen to invest in Haryana Sep 07 2011 Japan’s leading auto components company Aisin Seiki has proposed to set up a manufacturing facility at Industrial Model Township at Rohtak in Haryana over an area of 30 acres, with an investment of Rs 406 crore. The Executive Vice President of Aisin Seiki Co Ltd, Masuji Arai said this after a meeting with Haryana Chief Minister Bhupinder Singh Hooda on the concluding day of the India-Japan Global Partnership Summit in Tokyo today. He said the company also planned to set up another manufacturing facility for brake parts at an estimated cost of Rs 330 crore for which it would require 20 acres of land. Aisin Seiki Co. Ltd is engaged in manufacture of of automotive parts like drive train, body, brakes,
chassis and engine, a Haryana Government release said here. It is also into lifestyle, energy related and welfare related products. During the India-Japan Global Partnership Summit meeting, the Japanese side expressed keen interest in supporting basic infrastructure of projects in Haryana.
Three MOUs were signed by Navin Raheja of Raheja Developers with Zenrin Co--Abacus Venture Solutions for geospatial modeling; Okamura Homes Co for setting up residential project at Dharuhera and Abacus Venture Solutions-Quantum Leaps Co. For development of ‘smart cities’.
Hooda emphasised on developing drinking water projects and public transport system projects in collaboration with Japan. Speaking on the occasion, Haryana’s Industries and Commerce Minister Randeep Singh Surjewala called for further strengthening of ties between India and Japan. The event also witnessed signing of MOUs between enterprises based in Haryana and some prominent Japanese companies for technical collaborations.
Another MOU was signed between the Indian company – Guruvantage– a unit of A2V Infosolutions Pvt. Limited, Gurgaon, and Cicom Brains Inc. From Japan. Guruvantage and Cicom envisage a huge surge in skills demand in the coming years, the release said.
A MOU was also signed in pharma sector by Pranav Gupta of Parabolic Drugs with Kyodo International Corporation of Japan.
INDIA-JAPAN GLOBAL PARTNERSHIP SUMMIT (IJGPS) 2013. New Delhi, India
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