The Representative Office in New Delhi of the Japan Bank for International Cooperation (JBIC), jointly with Japan Chamber of Commerce and Industry in India (JCCII), held a meeting of the JCCII Semiconductor Committee on June 12, 2024. The secretary general of the committee is Chief Representative KURIHARA Toshihiko of the Representative Office in New Delhi.
The JCCII Semiconductor Committee was launched at the initiative of the government and governmental institutions of Japan. The objective of the committee is to promote Japanese semiconductor companies in entering in India and to contribute toward the realization of cooperation between Japan and India in the semiconductor sector. Besides JBIC, the Embassy of Japan in India, the Ministry of Economy, Trade and Industry, the Japan External Trade Organization (JETRO), and the Japan International Cooperation Agency (JICA) serve as the secretariat of the committee. More than 80 companies have already joined the committee. Included are not only semiconductor parts manufacturers and semiconductor manufacturing equipment makers, but also companies from diverse sectors involved in semiconductor supply chain, such as logistics, construction, electricity, and gas.
The meeting started with opening remarks by Mr. ARIYOSHI Takashi, Minister and Deputy Chief of Mission, Embassy of Japan in India, and Mr. Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY). Then, keynote speeches were given by the related parties of the Indian government, including Mr. Sagar Sharma, Chief of Staff of India Semiconductor Mission, Mr. Sarvesh, Senior Investment Specialist of Invest India, and Mr. Krishna Kumar G, Partner of National Investment and Infrastructure Fund. They said they hope to closely collaborate with Japan to establish a semiconductor supply chain in India, through the Indian government’s initiatives to support semiconductor-related industries and a plan to build high-tech industry infrastructure in India.
Next was a lecture by Mr. Utpal Shah, Senior Vice President of TATA Electronics Pvt. Ltd., a TATA Group company engaged in semiconductor manufacturing business. He expects to collaborate with Japanese companies for the company’s business expansion. His speech was followed by vigorous exchange of views of attendees from Japanese companies.
In addition, Mr. OTAKI Takuma of Director of JETRO New Delhi and Mr. TANIGUCHI Hajime, Senior Representative of JICA India Office gave presentations regarding the survey on the semiconductor sector and the Japanese government’s support systems. Mr. KATO Genki, Director of the Corporate Finance Department of JBIC, introduced its support framework.
The meeting attracted over 100 participants, from the governments, governmental agencies, and private companies of both countries, providing them with opportunities of exchanging opinions and networking.
As Japan's policy-based financial institution, JBIC will continue to actively support the creation of business opportunities and the promotion of business for Japanese companies and contribute toward the further development of economic relations between related countries by collaborating closely with overseas governments.