JBIC Holds Fifth Semiconductor Committee Meeting with JCCII and JETRO to Strengthen Japan–India Cooperation | JBIC Japan Bank for International Cooperation

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) and Japan External Trade Organization (JETRO), held the fifth meeting of the JCCII Semiconductor Committee on March 3, 2025.

The JCCII Semiconductor Committee was launched at the initiative of the government and governmental institutions of Japan in April 2024. 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, JETRO, and the Japan International Cooperation Agency (JICA) serve as the secretariat of the committee. Mr. KURIHARA Toshihiko, Chief Representative of the JBIC Representative Office in New Delhi, acts as the secretary general of the committee. So far, as many as 130 companies have joined the committee. These include 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.

In addition to JCCII member companies, a delegation from the JETRO-organized mission to India, focusing on electrical and electronic engineering and semiconductors, also attended the meeting.

The meeting started with the opening remark by Mr. NAKAJO Kazuya, Executive Vice President of JETRO. Then, Mr. Surinder Singh, Advisor (Technology) of the Indian Semiconductor Mission (ISM), which handles the country's semiconductor subsidy policy, presented the new support measures and expressed ISM's ambition to comprehensively strengthen the semiconductor ecosystem. Moreover, Mr. Sarvesh, Assistant Vice President, and Mr. Amulya Choudhary, Japan Plus Desk Manager, from Invest India, which is under the Ministry of Commerce and Industry of India and supports Japanese companies in entering India through its Japan Plus Desk, introduced examples of support for Japanese companies. Furthermore, a keynote speech was delivered by Dr. Aashish Saurikhia, Director (Public Policy) of the India Cellular and Electronics Association (ICEA), which plays a significant role in shaping the framework for the electronics manufacturing industry. He explained the new incentive system for electronic components in 2025.

Following the keynote speech, a panel discussion involving Japanese companies took place. Speakers included Mr. Ranju Mathew, Director of Hitachi High-Tech India Pvt. Ltd.; Mr. UCHIUMI Takayoshi, Regional Assistant General Manager of Nippon Express India Pvt. Ltd.; Mr. Bharadwaj, Director (Product Marketing) at Tokyo Electron Ltd.; and Mr. Krishna Murari Sharma, General Manager of TMEIC Industrial Systems India Pvt. Ltd. Under the moderation of Mr. Kurihara from JBIC, they discussed various topics such as the Indian semiconductor ecosystem, their future business development in India, and Indian companies they seek as partners. Additionally, there was a panel discussion with Indian companies, moderated by Mr. ITO Hirotoshi, Director of the International Economy Division, Research Department at JETRO. The participants included Dr. Basant Saini, Head of R&D at Kaynes Semicon Pvt. Ltd., Mr. JY Kim, Chief Procurement Officer at CG Semi Pvt. Ltd., Mr. Ashish Priyadarshi, VP-new business semiconductors, at Dixon Technologies (India) Limited, and Mr. Raminder Soin, Chairman and Managing Director of Resolute Group. They exchanged opinions about their future business policies and challenges in India, as well as their collaboration policies with Japanese companies. Finally, the meeting concluded with closing remarks by Mr. ARIYOSHI Takashi, Deputy Chief of Mission at the Embassy of Japan in India.

The meeting attracted over 100 participants from the governments, governmental agencies, and private companies of both countries, providing them with opportunities to exchange opinions and network.

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.