Hotline: 1800 102 2007
X
Search Business Opportunities
2014-09-11

Japan, Karnataka sign MoU to boost trade and investment

Karnataka currently houses 270 Japanese companies, major ones being Toyota, Honda, Amada, Casio, Denso, Fujitsu and Indo-Nissin.

After setting up large corporations in the Indian market, a high-growth province in Japan is now looking to make inroads into the SME space in Karnataka. The state has become a preferred destination for Japanese investments.
 
 
“The State currently houses 270 Japanese companies, major ones being Toyota, Honda, Amada, Casio, Denso, Fujitsu and Indo-Nissin,” said Siddaramaiah, Chief Minister, Karnataka.
 
 
Speaking at the MoU signing between Mie Prefecture Government (Japan) and Government of Karnataka, Siddaramaiah said, “With opportunities in virtually every facet of today’s economy, the State is a veritable treasure trove for investors and many Japanese companies are witness to this.” The Japanese government is keen to partner with Karnataka in development of major projects like the Chennai-Bangalore industrial corridor, Bangalore metro, Bangalore’s peripheral ring road and is now conducting a feasibility study for a Japanese industrial zone in the State.
 
 
Emphasising the potential for cooperation in automobiles, IT/BT, ICT and electronics among other sectors, he said they were looking at help to promote Japanese SMEs set up facilities in India and vice-versa. He said SMEs could help support the larger companies here. “The incentive for a company from outside (another country) is double if they set up a facility in Mie prefecture,” the Governor said.
 
 
The MoU will conduct a survey of sectors here to identify strengths and shortcomings in Karnataka. They are also looking at exchange of personnel and workforce between the two regions. However, there are no Indian companies present in the prefecture currently, he said.
Related opportunities
  • Bars, Pubs & Lounge
    About Us: House Of Mandarin offers delicious dining, takeout and delivery..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us:   The Chef's Bowl, a venture of the RP -..
    Locations looking for expansion West bengal
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
  • About Us: Mandalas Impresa - A vision of understanding the culinary..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Imitation/Art/Junk Jewellery
    View-n-Shop is one stop online fashion destination for all the..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 40
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts