Latest news with #Jetro
India Today
3 days ago
- Automotive
- India Today
Maruti Suzuki, Jetro partners to boost India-Japan startup collaboration
Maruti Suzuki India Limited has joined hands with the Japan External Trade Organisation (Jetro) to foster innovation and create business opportunities for startups in India and Japan. The two sides signed a Memorandum of Understanding (MoU) on Wednesday, with a focus on promoting cross-border innovation and startup is a Japanese government agency dedicated to promoting trade and investment between Japan and global markets. Initially focused on exports, it now also facilitates foreign investments into Japan and supports small and medium enterprises in international MoU was exchanged between Dr Tapan Sahoo, Executive Officer, Digital Enterprise, Maruti Suzuki, and Takashi Suzuki, Chief Director General of Jetro India, in the presence of Maruti Suzuki's Managing Director and CEO, Hisashi Takeuchi As part of the MoU, Maruti Suzuki and Jetro will work together to help Indian startups connect with Japan's startup and innovation ecosystem, while also enabling Japanese startups to explore and engage with India's growing startup Maruti Suzuki and Jetro will collaborate to enable startups to take part in relevant events and activities, helping them build connections with suitable partners. Startups selected through Maruti Suzuki's four innovation initiatives—Accelerator, Incubation, Mobility Challenge, and Nurture—will be eligible to join these Suzuki has already engaged with over 5,000 startups through its initiatives, shortlisting 150 and onboarding 25 as business partners. advertisementHisashi Takeuchi, MD and CEO of Maruti Suzuki, emphasised the role of startups in driving innovation. 'Startups are key drivers of innovation and economic growth. Through our multi-format innovation programs, we have been engaging with startups in India to co-create technology-driven solutions relevant to the automobile manufacturing and mobility space. We see great potential in Indian startups, and with this MoU with Jetro, we will be able to provide a platform for these promising startups to explore the Japanese business landscape.'Takashi Suzuki of Jetro India highlighted the strategic importance of the alliance. 'Maruti Suzuki stands as one of thefinest examples of the successful partnership between India and Japan. With this MoU, we are creating opportunities for even more fruitful business collaborations between our two nations. This MoU aims to foster innovation, drive economic growth, and further strengthen the deep-rooted ties between India and Japan."Subscribe to Auto Today Magazine
Malay Mail
05-05-2025
- Business
- Malay Mail
Malaysia's decarbonisation, healthcare sectors among key targets for Japanese company expansion, says trade body
KUALA LUMPUR, May 5 — Japanese companies are looking to expand in the decarbonisation, healthcare, innovation and service industries in Malaysia. Japan External Trade Organisation (Jetro) Kuala Lumpur managing director Koichi Takano said several companies have made firm commitments to invest for two years, beginning from this year. 'These include the establishment of engineering and operations services in the oil and gas, semiconductor and biotechnology sectors,' he told Bernama in an interview. With regard to the decarbonisation sector, he said momentum is expected to build up in view of the Asia Zero Emission Community (Azec) summit, hosted by Japan and Malaysia, which will be held in Kuala Lumpur later this year. Major Japanese companies that have participated in decarbonisation in Malaysia, according to Takano, include Mitsui & Co and others that are working on projects in various areas of decarbonisation in Malaysia, such as energy efficiency, renewable energy, carbon capture and storage (CCS) and hydrogen. 'The diffusion index of business sentiment of Japanese companies is steadily recovering. This is seen as a sign of trust in and expectations of a robust Malaysian economy,' Takano said. However, he noted, the tariff measures imposed by the United States have heightened uncertainty in the global economy, making the situation unpredictable. 'At this time of great global turmoil, expectations are growing for Malaysia's leadership as the Asean chair. 'Malaysia has already demonstrated its leadership on the tariff issue, holding discussions within Asean. We look forward to continued Malaysian leadership towards the stability and growth within the Asean region,' he added. According to Takano, Japan has been one of Malaysia's major investors, and more investments from Japan are expected for 2025. Japan is the fourth-largest foreign direct investor in Malaysia in the fourth quarter (4Q) of 2024 with RM102.02 billion foreign direct investment (FDI) secured compared to RM94.18 billion in 4Q 2023, according to the Department of Statistics Malaysia. He pointed out that based on a survey on Japanese companies in Malaysia, business sentiment was negative in the second half of 2024 at -11.5 points, but it is expected to improve to -4.5 points in 2025. According to the survey conducted by Jetro and the Japanese Chamber of Trade and Industry, Malaysia (Jactim), the outlook remains uncertain due to cost pressures like minimum wage hikes, tax increases and subsidy cuts. The survey revealed high-value manufacturing and decarbonisation as being top growth sectors. Two hundred companies responded to the survey from January 22 to February 21, 2025. The survey also highlighted that the non-manufacturing sector faces high demand for advanced technology talent. 'Additionally, there is a strong demand for clarification of environment, social and governance (ESG)-related investments, expansion of tax incentives, and thorough advance notifications when regulatory changes occur,' it added. — Bernama
New Straits Times
05-05-2025
- Business
- New Straits Times
Japanese companies keen to expand in various sectors in Malaysia
KUALA LUMPUR: Japanese companies are looking to expand in the decarbonisation, healthcare, innovation and service industries in Malaysia. Japan External Trade Organisation (Jetro) Kuala Lumpur managing director Koichi Takano said several companies have made firm commitments to invest for two years, beginning from this year. "These include the establishment of engineering and operations services in the oil and gas, semiconductor and biotechnology sectors," he told Bernama in an interview. With regard to the decarbonisation sector, he said momentum is expected to build up in view of the Asia Zero Emission Community (AZEC) summit, hosted by Japan and Malaysia, which will be held in Kuala Lumpur later this year. Major Japanese companies that have participated in decarbonisation in Malaysia, according to Takano, include Mitsui & Co and others that are working on projects in various areas of decarbonisation in Malaysia, such as energy efficiency, renewable energy, carbon capture and storage (CCS) and hydrogen. "The diffusion index of business sentiment of Japanese companies is steadily recovering. This is seen as a sign of trust in and expectations of a robust Malaysian economy," Takano said. However, he noted, the tariff measures imposed by the US have heightened uncertainty in the global economy, making the situation unpredictable. "At this time of great global turmoil, expectations are growing for Malaysia's leadership as the ASEAN chair. "Malaysia has already demonstrated its leadership on the tariff issue, holding discussions within ASEAN. We look forward to continued Malaysian leadership towards the stability and growth within the ASEAN region," he added. According to Takano, Japan has been one of Malaysia's major investors, and more investments from Japan are expected for 2025. Japan is the fourth-largest foreign direct investor in Malaysia in the fourth quarter (4Q) of 2024 with RM102.02 billion foreign direct investment (FDI) secured compared to RM94.18 billion in 4Q 2023, according to the Department of Statistics Malaysia. He pointed out that based on a survey on Japanese companies in Malaysia, business sentiment was negative in the second half of 2024 at minus 11.5 points, but it is expected to improve to minus 4.5 points in 2025. According to the survey conducted by Jetro and the Japanese Chamber of Trade and Industry, Malaysia (Jactim), the outlook remains uncertain due to cost pressures like minimum wage hikes, tax increases and subsidy cuts. The survey revealed high-value manufacturing and decarbonisation as being top growth sectors. Two hundred companies responded to the survey from Jan 22 to Feb 21, 2025. The survey also highlighted that the non-manufacturing sector faces high demand for advanced technology talent. "Additionally, there is a strong demand for clarification of environment, social and governance (ESG)-related investments, expansion of tax incentives, and thorough advance notifications when regulatory changes occur," it added.
