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"Japan as Your Business Partner - Opportunities for Fund Raising and Market Entry" held in Gurugram and Mumbai, India

January 2020

In January, JETRO convened an event titled "Japan as Your Business Partner - Opportunities for Fund Raising and Market Entry" in Gurugram (on January 21) and Mumbai (on January 22), India. In recent years, numerous startups have accumulated in Gurugram, which neighbors the capital New Delhi, while Mumbai has been demonstrating its strength as an ecosystem in the fields of finance and retail as one of Asia's leading finance centers. Targeting local venture capital firms and Indian companies with innovative technologies in both cities, a call was made on this occasion for them to work with Japanese companies and invest in Japan through publicizing the attractiveness of the Japanese market and business opportunities.

In Gurugram, opening remarks were delivered by Yasuyuki Murahashi, Chief Director General of JETRO New Delhi, Ms. Grover, Co Head of Startup India at Invest India and Mr. Sabharwal, Senior Directorl of Global Trade Development at NASSCOM. In Mumbai, they were done by Munenori Matsunaga, Director General of JETRO Mumbai and Mr. Mithun, CEO of Maharashtra State Innovation Society. Speakers emphasized the importance of cooperation between India and Japan to facilitate collaboration and investment between companies of the two countries.

Seminar in Gurugram

In his keynote speech, Kazuya Nakajo, Executive Vice President of JETRO talked about the benefits of collaboration with Japan, where the momentum of innovation has been rising, and made an appeal to use its finance supplying ecosystems. In addition, touching on the establishment of a special framework within JETRO for promoting digital transformation (DX), he stated that JETRO will further strengthen collaboration between Indian and Japanese companies.

Following that, presentations were delivered by Japanese experts in venture capital (VC) investment and companies with a strong desire to invest in foreign companies, including those of India. Mr. Nakano, Chairman of the Japan Venture Capital Association explained that the amount of Japan’s VC investment and the number of IPOs have been on the increase. Following him, Mr. Sugiyama, General Manager and Chief Representative at the Singapore Branch of the Tokyo Stock Exchange (TSE) presented on the allures of entry in the Japanese market, comparing it with other markets in Asia.

JETRO Executive Vice President Nakajo

Mr. Bhasin, General Partner of Rebright Partners; which has abundant experience in investing into foreign companies, including those of India; introduced his firm’s accomplishments in supporting Indian and Japanese companies. Mr. Kuwahara, Deputy General Manager at the Bengaluru Office of Sojitz India spoke of his company's business experience in India, and expressed his strong desire to enhance collaboration with Indian startups by taking advantage of his company’s global network. Following him, presentations were delivered by two Indian startups with a presence in Japan: Vymo, which is developing a business management AI app with the aim of improving work efficiency and profitability, and Uncanny Vision, which is developing AI-equipped cameras and an image dissector system. They mentioned the importance of understanding Japanese corporate culture when doing business and stressed the attractiveness of the Japanese business environment as an investment destination.

Presenting that Yokohama is chosen as a research and development site by domestic and overseas companies which are active across the globe, Mr. Matsushima, Director of Yokohama City-Mumbai Representative Office promoted the fact that his city provides a comfortable living environment with consideration for accommodating foreign people in terms of medical care as well as education.

Seminar in Mumbai

In the networking reception after the seminar, participants freely engaged in discussions. Consultation desks were set up by Yokohama City and JETRO in order to respond to inquiries from visitors.

With the aim of creating innovation, JETRO will continue its support activities to facilitate collaboration between Indian and Japanese companies as well as assist Indian companies in entering Japanese market.

*This seminar was held under the consigned budget of the Ministry of Economy, Trade and Industry.

Panel discussion

Networking reception

Outline of seminar in Gurugram

Date and time Tuesday, January 21, 2020, 11:00 - 14:00
Venue WeWork Two Horizon Center
Organizer JETRO
Co-organizer Invest India
National Association of Software and Services Companies (NASSCOM)
Program
  1. Opening remarks
    1. MURAHASHI Yasuyuki, Chief Director General, JETRO New Delhi
    2. Aastha Grover, Co Head, Startup India, Invest India
    3. Gagan Sabharwal, Senior Director, Global Trade Development, NASSCOM
  2. Keynote speech: "Business Opportunities with Japan - Collaboration & Creative Innovation between Indian and Japanese Companies"
    1. NAKAJO Kazuya, Executive Vice President, JETRO
  3. Company Presentation 1: "The Latest Trends of Investment in VC in Japan and Expectation for Indian Companies"
    1. NAKANO Shinzo, Chairman, Japan Venture Capital Association
    2. SUGIYAMA Yoriyuki, General Manager and Chief Representative of Tokyo Stock Exchange (TSE), Inc. Singapore Branch, ASEAN Business
    3. Brij Bhasin, General Partner, Rebright Partners
    4. KUWAHARA Hidemi, Deputy General Manager, Sojitz India Pvt. Ltd., Bengaluru Office
  4. Company Presentation 2: "Attractiveness of Japan as an Investment Destination"
    1. Roshan Cariappa, Director, Marketing, Vymo Inc.
    2. Deepa J, COO, Uncanny Vision Solutions Pvt. Ltd
    3. MATSUSHIMA Kazushi, Director, Yokohama City-Mumbai Representative Office
  5. Networking reception (with PR tables of Japanese local authorities)

Outline of seminar in Mumbai

Date and time Wednesday, January 22, 2020, 11:00 - 14:00
Venue Hyatt Regency Mumbai, Regency Ball Room Part I & II
Organizer JETRO
Co-organizer Invest India
National Association of Software and Services Companies (NASSCOM)
Maharashtra State Innovation Society (MSinS), Jio Gennext
Program
  1. Opening remarks
    1. MATSUNAGA Munenori, Director General, JETRO Mumbai
    2. John Mithun, CEO, Maharashtra State Innovation Society
  2. Keynote speech: "Business Opportunities with Japan - Collaboration & Creative Innovation between Indian and Japanese Companies"
    1. NAKAJO Kazuya, Executive Vice President, JETRO
  3. Company Presentation 1: "The Latest Trends of Investment in VC in Japan and Expectation for Indian Companies"
    1. NAKANO Shinzo, Chairman, Japan Venture Capital Association
    2. SUGIYAMA Yoriyuki, General Manager and Chief Representative of Tokyo Stock Exchange (TSE), Inc. Singapore Branch, ASEAN Business
    3. Brij Bhasin, General Partner, Rebright Partners
    4. KUWAHARA Hidemi, Deputy General Manager, Sojitz India Pvt. Ltd., Bengaluru Office
  4. Company Presentation 2: "Attractiveness of Japan as Investment Destination"
    1. Harish Vaidyanathan,Head of Product,Vymo Inc.
    2. Deepa J, COO, Uncanny Vision Solutions Pvt. Ltd
    3. MATSUSHIMA Kazushi, Director, Yokohama City-Mumbai Representative Office
  5. Closing remarks
    1. Shivangi Jain, Senior Investment Specialist, Invest India
  6. Networking reception (with PR tables of Japanese local authorities)