Japan External Trade Organisation (JETRO), an independent agency recognised by the Ministry of Economy, Trade and Industry of Japan, has been promoting bilateral trade and investment between Japan and India since 1966. The Dollar Business caught up with Kazuya Nakajo, Chief Director General of JETRO India, to understand how JETRO is helping Japanese and Indian firms leverage each other’s strengths.
TDB: What is the mandate for JETRO’s India office?
Kazuya Nakajo (NK): JETRO in India works in three main areas: diversification of Japanese investments in various sectors, helping Indian business to explore opportunities in Japan and creating a Japanese business base in India from which we can serve other countries.
TDB: What programmes is JETRO currently undertaking in India?
KN: JETRO is currently providing a few programmes in India, under which ‘Invest in Japan’ is one of the main focus areas. Under this programme, JETRO offers consultation services in areas pertaining to taxation, legal frameworks, finances, human resources, etc., to Indian companies that are looking at Japan as an investment or expansion destination. It also offers temporary office space in six major cities of Japan, and shares market reports, online database, etc., with the companies – and these services are provided absolutely free. Other programmes that JETRO offers include buyer-seller meets, trade tie-up promotions, online trade fair databases, etc., and information about these can be obtained from any of the JETRO offices in India.
TDB: What are the key sectors in which we can hope to see Japanese investments? What role is JETRO playing in diversifying the investment portfolio?
KN: Japan is the third-largest foreign investor in India. The top two investors are Mauritius and Singapore, but their investments are primarily in financial sectors as they are low tax economies. When it comes to foreign direct investments (FDI), Japan is the biggest source of FDI into India.
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