-ATTENDED BY 30 LARGE JAPANESE CONGLOMERATES AND OVER 200 DELEGATES

-AIMED AT STRENGTHENING TIES BETWEEN THE TWO COUNTRIES BY FACILITATING COLLABORATION AND CO CREATION OF INNOVATION

Bangalore 8th March, 2019: The Government of Karnataka and JETRO (Japan External Trade Organisation), the “Japan-India Start up Hub”, today held the “Japan – India Innovation dialogue in Bangalore. Hosted in collaboration with the Bangalore Chamber of Commerce & Industry (BCIC) and attended by a delegation of around 30 large Japanese conglomerates, the event focused on promoting Bengaluru, Karnataka as the innovation hub of India. The meet was also to enable business collaborations between Japanese companies and Indian IT companies and start-ups in Bangalore. The event was and was attended by over 200 participants.

The event provided a platform for Japan and India to mutually complement each other in the fields of next generation innovation. Only behind the United States and China, India boasts of having the third largest number of start-ups and unicorn companies in the world. Bengaluru especially, which is also known as the “Silicon Valley of India”, has emerged as one of the largest start-up clusters globally having deep expertise in new age technologies like AI, IoT and data science. Japan on its part, is renowned for its hardware capabilities and many Japanese companies are starting operations to co-create new age products in collaboration with the outside world. The first half of the session focused on the emerging Indian start-up ecosystem followed by the second session on Japanese innovation ecosystem. This session also provided a good opportunity to all the participants to explore several business opportunities between Japanese and Indian companies which in turn would aid these businesses to expand globally.

Speaking at the event Shri Gaurav Gupta, Principal Secretary, ITBT&ST, Government of Karnataka said, “It is indeed fitting that the Japan India Start-up Hub is based in Bengaluru as the Department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka already has an ongoing relationship with the Mie Prefectural Government of Japan for implementing a joint project of Skill Development and Placement Program in the IT and Electronics sectors. This program aims to leverage the availability of highly skilled personnel in Karnataka to facilitate appropriate skilling and placement of these personnel in domain specific companies in the Mie Prefecture. Through this program, engineers from Karnataka have been sent to work in companies based in Japan.”

“We are working on setting up an Innovation Authority under the chairmanship of the Chief Minister to protect consumer-friendly technology businesses that are operating in regulatory grey areas. We need to encourage cross border investments and R&D so that we can champion emerging concepts and improve economies and lives of people. Today’s event is a step in that direction, and I hope that Japan and Karnataka continue to engage with each other in the years to come.”

The event today was attended by IHI Asia Pacific Pce.Ltd, Accel Seed Pte Ltd, AGC Asia Pacific India Pvt. Ltd, AsiaWise Legal Japan, Azucar Asset Management, ALKYL Technology, Ministry of Economy, Trade and Industry (METI), gsport,inc, JSR Corporation, Shizuoka Prefectural Government, Mitsui

O.S.K. Lines. Ltd, Sojitz Corporation, Tamayama Industry Co Ltd, Toyo-Seikan Group Holdings, Ltd, TOP ASIA, Inc, Toyota Tsusho Corporation, Nishimu Electronics Industries co. Ltd, The Japan Research Institute, Ltd, Nippon Closures Co., Ltd, Symphony Creative Solutions, Panasonic Corporation, PFU LIMITED, BRISYS,Inc, Mizuho Bank, Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi Corporation, Morpho, Inc. and Repro Inc amongst others.