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JBIC holds conference with Export Import Bank of India

Opening remarks by Hayashidani, Chief 

Representative of JBIC’s New Delhi Office  Opening remarks by Hayashidani, Chief Representative of JBIC’s New Delhi Office
Keynote speech by H.E. Mr. Hiramatsu, Ambassador Extraordinary 

and Plenipotentiary of Japan to India  Keynote speech by H.E. Mr. Hiramatsu, Ambassador Extraordinary and Plenipotentiary of Japan to India
Keynote speech by Kondo, Governor of JBIC  Keynote speech by Kondoh, Governor of JBIC
Keynote speech 

by Mr. Rasquinha, Managing Director of EXIM Bank   Keynote speech by Mr. Rasquinha, Managing Director of EXIM Bank

The Japan Bank for International Cooperation (JBIC) and Export-Import Bank of India (EXIM Bank) jointly held a conference titled "JBIC and EXIM Bank Support for Japan-India International Collaboration Projects" at Roseate House in New Delhi on December 14, 2017. About 90 people participated in the conference, including government officials, financial institutions and companies from both Japan and India.

In September 2014, JBIC signed a memorandum of understanding (MOU) for business cooperation with EXIM Bank, a policy-based financial institution wholly owned by the Government of India. The purpose of this MOU is to explore the possibilities of Japan-India cooperation in financing businesses and projects in India and its neighboring countries, such as infrastructure development projects aimed at strengthening connectivity between India and its neighboring countries or businesses in third countries where Japanese companies collaborate with Indian companies.

In accordance with this MOU, EXIM Bank and JBIC have made efforts to promote business cooperation between Japan and India, such as holding exchanges of views at the annual meetings of Asian EXIM Banks and providing JBIC's financing support to EXIM Bank in the form of two-step loans and guarantees for Samurai Bond issuances. JBIC also hosted a seminar on strengthening the connectivity between India and its neighboring countries, on sidelines of annual meeting of the African Development Bank in May 2017.

The conference comprised of two sessions in which the two banks made presentations on their roles and functions, as well as on cooperation between the Export Credit Agencies (ECAs) of Japan and India for exports to and investments in third countries.

Ichiro Hayashidani, JBIC's Chief Representative in New Delhi, and Mr. Vikramaditya Ugra, General Manager at EXIM Bank, began Session 1 by expressing their gratitude to all the participants for attending the conference. In their opening remarks, they explained the attractiveness of India and the background of cooperation between JBIC and EXIM Bank in promoting the connectivity between India and its neighboring countries.

Following the opening remarks, Mr. Tarun Sharma, Regional Head of the New Delhi Office of EXIM Bank, and Yosuke Watanabe, Director General of the Social Infrastructure Finance Department at JBIC, delivered presentations on the roles and functions of their organizations and cooperation with ECAs in other countries around the world. During a question-and-answer session, they discussed modes of mutual cooperation and its benefits for increasing the connectivity between India and its neighboring countries.

During Session 2, H.E. Mr. Kenji Hiramatsu, Ambassador Extraordinary and Plenipotentiary of Japan to India, gave a presentation emphasizing that growing importance of Japan-India relations especially after the Japan-India Special Strategic and Global Partnership. He also explained that the Japanese government had introduced a new foreign policy strategy called the "Free and Open Indo-Pacific Strategy" with the objective of business expansion into India and further into third countries. He highlighted Japanese government's aim to achieve stability and prosperity in the Indo-Pacific region by improving the connectivity between Asia and Africa through free and open Indian and Pacific Oceans. In light of Japan's Indo-Pacific policy, he stressed JBIC's important role as a public financial institution owned by the Japanese government and expressed his expectation for further support from JBIC.

In his keynote speech, Akira Kondoh, Governor of JBIC, explained that India used to have a higher share of world GDP than Japan, the U.K. and China, comparing the global share of these four countries' GDP as estimated by English economic historian Dr. Angus Maddison using world GDP data from 1 AD to 2003 AD. Kondoh expressed his confidence in India's growth potential. He also gave a brief introduction on JBIC's business activities and the history of cooperation with EXIM Bank.

Mr. David Rasquinha, Managing Director of EXIM Bank, expressed his appreciation to JBIC for maintaining a long-term cooperative relationship with EXIM Bank since it was established in 1982. Referring to Japanese automaker MARUTI SUZUKI INDIA LIMITED's expansion into the Indian market, Mr. Rasquinha explained that the business cooperation between Japanese and Indian companies will be beneficial not only for both countries, but also for the general public. He also stated his desire to further deepen the cooperative relationship with JBIC in third countries such as through utilizing the networks of EXIM Bank in Africa.

Mr. Yaduvendra Mathur, former Managing Director of EXIM Bank and now Additional Secretary in NITI Aayog, a policy think tank of the Government of India, expressed his gratitude to Japanese companies for making efforts to build business partnerships with Indian companies so far, referring to Honda Cars India Ltd., the first Japanese company to build a factory in the State of Rajasthan. Furthermore, he expressed his expectation for the further promotion of cooperation between Japan and India in the most advanced technological fields, such as electric cars, under the slogan of the "Make in India" initiative launched by the Government of India.

Mr. Samuel Joseph, Chief General Manager of EXIM Bank, spoke at the closing session of the conference and expressed his hope for further business cooperation with JBIC in future. Tsuyoshi Nishitani, Regional Head for Asia and Pacific at JBIC, concluded the conference by thanking all the participants for attending and stating that JBIC will continue to support Japanese and Indian companies in expanding their business overseas based on its strong cooperative relationship with EXIM Bank . After the conference, there was a reception to promote relationships and friendship among participants from Japan and India.

Joint conference with EXIM Bank

 

【Program of Conference】

Session 1
Opening remarks by:
Ichiro Hayashidani, Chief Representative of JBIC’s representative office in New Delhi
Mr. Vikramaditya Ugra, General Manager of EXIM Bank
EXIM Bank presentation by:
Mr. Tarun Sharma, Regional Head and General Manager, New Delhi
JBIC presentation by:
Yosuke Watanabe, Director General of Social Infrastructure Finance Department
Session 2
Opening remarks by:
Ichiro Hayashidani, Chief Representative of JBIC’s representative office in New Delhi
Keynote speech by:
H.E. Mr. Kenji Hiramatsu, Ambassador Extraordinary and Plenipotentiary of Japan to India
Keynote speech by:
Akira Kondoh, Governor of JBIC
Keynote speech by:
Mr. David Rasquinha, Managing Director of EXIM Bank
Keynote speech by:
Mr. Yaduvendra Mathur, Additional Secretary of NITI Aayog
Closing remarks by:
Mr. Samuel Joseph, Chief General Manager of EXIM Bank
Tsuyoshi Nishitani, Regional Head for Asia and Pacific of JBIC
Fiscal Years