The Hindu : Business : Japan looks to India for technical skills

Online edition of India's National Newspaper
Tuesday, Aug 14, 2007
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Japan looks to India for technical skills

Special Correspondent

Healthcare services identified as one of the key areas

BANGALORE: Japan is now looking at India as more than one of the largest markets; the young workforce with technical skills will be required by Japan to maintain its revived economic momentum, Kei Kawano, Director, Japan External Trade Organisation (JETRO), New Delhi, said here on Monday.

Speaking at a seminar organised by the Confederation of Indian Industry (CII) on facilitating Indian investments in Japan, both Kuboki and Kazumo Kuboki, heading JETRO’s Bangalore office, said Japan’s IT industry needed technology trained human resources in sectors such as security systems, embedded software and application programmes, where India excelled.

Indian companies are beginning to move forward from investment in Japan to setting up joint ventures with local partners, as Zylus-Cadila had done acquiring a 50 per cent stake in Nihon Pharmaecutical Co. in Japan. Ranbaxy and Torrent too had operations there. The healthcare services needed by Japan’s increasingly ageing population could be of interest to Indian businesses in that sector.

Rugmini Parmar, Director, Department of Industrial Policy and Promotion, Union Ministry of Commerce and Industry, said Japan was the fourth largest foreign direct investment (FDI) provider to India with deals reaching $2.56 billion last year besides a major stake in joint ventures in infrastructure, including the expected $10 billion investment spread over five years in the proposed Delhi-Mumbai Industrial Corridor whose total estimated cost would be $90 billion.

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