Shigeki Maeda, Executive Vice-President of JETRO, said that as of now there are 1,369 Japanese businesses in India, with an expenditure of around $3.69 billion in 4,838 centers. Photo: JETRO
Hyderabad: According to the Japan Foreign Trade Organization (JETRO), a government agency that facilitates cooperation between Japanese companies and other nations, Japan is looking to recruit human capital from India to fill the labour shortage in its information technology sector created by a reduction in the country’s working population.
The Japanese Government is also looking to cooperate with Hyderabad-specific companies, JETRO members said at a press conference organized by the Confederation of Indian Industry (CII) and the Agency on Wednesday.
“Japan has a scarcity (of people) and capital in IT industries, so it would be a huge aid to us. In our region, Hyderabad is not as famous as Bengaluru, but the former has centers developed by large (US) corporations. It’s the mecca of the IT industry. We are still looking at collaboration with Japanese firms, “said Shigeki Maeda, Executive Vice-President of JETRO.
Aside from the IT business, Japanese firms are also involved in the electronics and automobile industries in India, Maeda said, adding that JETRO is now looking at Hyderabad’s pharmaceutical industry for investment.
“The pharmaceutical industry is big here and our government is also looking to promote generic drugs,” said Maeda, who was in Hyderabad with other JETRO officials for the India-Japan Business Partnership seminar jointly organized by the CII and the Telangana government.
Maeda stated that as of now there are 1,369 Japanese firms operating in India, with an expenditure of around $3.69 billion in 4,838 centers.
Kazuya Nakajo, Chief Executive Officer of JETRO in India, said that Japan has been exporting some of its IT recruitments to countries like China since the 1990s, and later countries like Vietnam and the Philippines.
“Indian outsourcing is missing out because of language differences, when people from other countries study Japanese. However, Indians have a better interest as their ability as programmers is far greater. We expect India not only to send programmers, but also to be a co-developer, “he added.
Source – livemint