Financial Daily from THE HINDU group of publications
Saturday, Nov 13, 2004

Cross Currency

Group Sites

Industry & Economy - Foreign Trade

Indo-Japan chamber plans to foster tie-ups between SMEs

Our Bureau

Chennai , Nov. 12

THE Indo-Japan Chamber of Commerce & Industry plans to foster relationship between small and medium enterprises (SMEs) in India and Japan, as it feels that there is enormous scope for improving ties between SMEs in the two countries.

As a first step, the chamber has constituted a team that will vet proposals for tie-ups from SMEs in India with their counterparts in Japan. The team comprises a financial consultant, a legal consultant, a technocrat and a senior administrator, according to Mr N. Krishnaswami, Secretary-General, Indo-Japan Chamber of Commerce & Industry.

The four-member team will examine all the proposals the chamber receives from SMEs and find out the ones that are worthwhile of being followed up.

Mr Krishnaswami will also be meeting with the chambers of commerce in Japan to examine scope for improving relationships. In particular, he feels that there is scope in sectors such as automobile components, electronics, IT hardware, textiles and garments, leather, biotechnology and food processing.

Since its transformation from Indo-Japan Centre to a Chamber of Commerce in March 2004, the chamber has increasingly focussed on improving trade ties between the two countries. Initially, the chamber, headquartered in Chennai, is concentrating on the southern States and has opened a chapter in Bangalore. It is in contact with the governments in these States and also with various chambers of commerce, according to Mr Krishnaswami. At a later date, the chamber will expand its activities to other parts of the country.

He feels there is scope for more Japanese companies investing in India, either on their own or through joint ventures. Despite 14 years of recession, there is a surfeit of investible funds in Japan, he said and added that efforts need to be made to draw Japanese companies to come out and invest in India. Currently, there are 183 Japanese companies in India, either on their own or through joint ventures.

One proposal that the chamber proposes to seriously follow up here is to set up a model industrial township with expertise from Japan, an idea that was mooted a few years ago. The Haryana Government had then even announced that it would set up the township but the move did not bear fruit.

Mr Krishnaswami feels that a step to attracting Japanese investments would be to understand their culture and the decision-making process. In this connection, he feels that knowing the language will be of a great help. Among its activities, the chamber conducts Japanese language classes with about 400 persons taking coaching every year, including executives from some companies. The chamber also offers a distance-learning programme.

More Stories on : Foreign Trade | SSI

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bio-diesel ventures seek for incentives

Make realistic assessment of fertiliser subsidy: FAI
Economic lessons from the hotspots of innovation
States face rising debt costs
Inflation down at 7.06 pc
Madurai SHGs fare well
SAFTA panel meet to discuss duty concessions
Indo-Japan chamber plans to foster tie-ups between SMEs
CIS envoys meet AP Chief Minister
New anti-depressant drug from Torrent
IT majors team up to offer `Multiply' for SMEs
Car sales up 31 pc in Oct
Battery industry hopes for early cut in lead import duty
15-member panel to study structure of gold industry
Omaxe planning townships in smaller cities
TNHB fortunes on the rebound
India emerging as leather hub as export orders swell
TN Chamber flays petro price hike
BrahMos, Akash, Trishul to be test fired soon
ISRO, French space agency sign MoU
AP bid to spread social safety net plan wider
`Pudukottai is child labour free'
Trade fair to begin tomorrow
Archives Week from Nov 25
CSI seminar for IT teachers
Multi-state cooperative society to promote tourism
Cabinet nod for forming Financial Intelligence Unit

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line