Will step up investments
The master plan for the Chennai-Bangalore Industrial Corridor will be completed by March 2015 and will give a fillip to investments in the region, said the Consul General of Japan in Chennai, Masanori Nakano.
Japan is keen on strengthening its investments in India. Apart from industrial investments it is also contributing to upgrading infrastructure.
After the completion of the preliminary report on the corridor in 2012, the Japan International Cooperation Agency commissioned a master plan, he said.
More than half the Japanese companies in India are from the manufacturing sector, he said, while addressing the silver jubilee commemoration of the Indo-Japan Chamber of Commerce and Industry.
Masters of quality
Vikram Kirloskar, Vice-Chairman, Toyota Kirloskar Motor Pvt Ltd, said the Kirloskar group has been associated with Japanese industries from the 1980s in diverse areas.
Indian industry should learn from their Japanese counterparts the commitment to quality and precision.
Their association has taught him the value of clear-cut processes that are open to change in improving a company and the respect that Japan has for skill.
Every worker’s opinion is also considered, he said.
Venu Srinivasan, Chairman and Managing Director, TVS Motors and former president of the IJCCI, said Japan has a natural market in India and the opportunity to exploit the competitive manufacturing base.
Indian industry can learn management skills from them. Japanese experts in Total Quality Management are masters in transforming organisations and minds, he said.
The IJCCI felicitated its past presidents, including Srinivasan, the late TT Vasu, L. Lakshman (Chairman, Rane Holdings Ltd) and R Veeramani (Chairman, Gem Group of Companies.)