The bilateral trade between India and Japan is expected to reach the target of $25 billion by 2014. At the end of 2011, it stood at $13 billion.

Japanese companies, especially Small and Medium Enterprises (SMEs), are looking for potential buyers for their products and partners for technological collaboration, including licensing of their technology.

The areas of opportunity include sectors like automotive, agro-machinery, pharmaceuticals, foundry and construction.

Satoru Mitani, Deputy Director, Japan External Trade Organisation, said Japan wants to be an invaluable and strategic partner in the process of India’s development. India and Japan are playing a major role in the globally changing economic landscape, he said, while speaking at an interactive meeting at the Federation of Andhra Pradesh Chambers of Commerce and Industry .

The focus of the Japanese organisation that works to promote mutual trade and investment between Japan and the rest of the world, has shifted towards promoting foreign direct investment into Japan and helping small and medium size firms maximise their global export potential.

Japanese delegation

In India it has offices in Bangalore, Chennai, Mumbai and New Delhi. The organisation has also brought a delegation of around a dozen Japanese automotive component firms to explore business potential in the country, Satoru Mitani said.

In his welcome address, Devendra Surana, President, Fapcci, said the dynamic growth of this relationship is reflected in the number of high-level Ministerial and Parliamentary exchanges that have been taking place at regular intervals.

There is a parallel process of business and industry in both countries taking note of the opportunities that recent economic developments in India have created for them.

This has led to a very sharp increase in exchange of business delegations as well, he pointed out.

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