Japanese have a lot of money and technology but no market, while India is a growing market with less access to cash and lack of technology.
An Indo-Japanese SME association is on the anvil to help small businesses from Japan enter the Indian market with support of governments from both countries. Speaking at a conference here, Mehool N. Bhuva, President of 70-year-old Indo-Japanese Association in Mumbai said, Japanese SMEs must get into the Indian market and intensified efforts are the need of the hour to take the India-Japan business partnerships to the next level. “My goal is to form an Indo-Japanese SMEs association in Mumbai, taking in members from both countries’ SME sectors, helping them deal with each other to form partnerships and enter the Indian market. “But progress of such an initiative needs strong support from the governments of both countries, especially help in overcoming barriers such as languages, cultures and visa issues,” Bhuva told PTI on the sidelines of the international conference organized by the US-based not-for-profit Entrepreneurs’ Organization (EO).