Nippon Business Council and Academia Collaboration unveiled in Bengaluru


Bengaluru, Oct 29 :  With the aim of creating a one-stop platform to facilitate and expedite credible business information between Indian and Japanese companies, Namaste Konnichiwa Foundation on Saturday inaugurated the Indo Nippon Business Council and Academia Collaboration (INBCC) in the city. INBCC was formed with the primary objective of promoting business, trade, academic and cultural exchange between India and Japan, Karnataka IT Minister Dr CN Ashwath Narayan said. Enabling investment opportunities for startups will also be a focus area for INBCC, he said. INBCC will create an integrated business environment for member companies by enabling endto-end support to expedite business activities between the two countries, Narayan said. A digital platform would also be provided for B2B facilitation to ease transactions between international partners, he said. “The launch of INBCC is timely as there is no better way of celebrating the 70th year of the IndoJapanese relationship. Karnataka has a very good relationship with Japan as they have invested massively in our infrastructure because we offer the best facilities in the country. And I am sure that in the next 25 years Bengaluru will be the best city in the world,” Narayan said. Jetro Bengaluru Director General Toshihiro Mizutani said Japanese companies will be looking at strategic investments in Indian startups. “We have always been looking at the West for better opportunities and a better future. Now is the time to look East for better opportunities as Japan is calling Indians. Culturally India and Japan are very much alike, and it will be easier for the Indians to adapt to Japanese culture than the western culture.” “We had zero waste ingrained in our culture and there were no garbage bins in the ancient Indian homes. We can learn a lot in the aspect of waste management and zero waste from Japan,” Adamya Chetana Foundation Chairerson Tejaswini Ananth Kumar said. Talking about Indo-Japanese relations, INBCC Founding member Deepak Anand said there are 1455 Japanese companies active in India and Japan is the third largest contributor of FDI to India and is one of the largest investors in the manufacturing sector. By 2025 USD 42 billion is expected to be invested in India, he said. From 2000 till June 2022 Japanese companies have invested USD 37.79 billion in India, Anand added. “Japanese industry is looking at a parallel supply chain ecosystem other than China and they are looking at India to deliver the same,” he said. Another INBCC Founding member Krishna Gowda said the company aims to create a robust and informative support system for both Indian and Japanese companies. Japan requires over 3 lakh IT-trained people and 6 million foreigners to run their economy smoothly and this is a great opportunity for India to supply this manpower, he said. By 2024, INBCC is hoping to facilitate 75 Indo-Japanese university collaborations, 50 B2B networking, and create 10,000 Jobs for Indians in Japan,” Gowda said.