The Japan Bank for International Cooperation (JBIC) accepted the invitation and participated in the third India–Japan Forum hosted by the Ministry of External Affairs of India and Ananta Centre (Ananta, New Delhi)*1. In addition to JBIC Governor HAYASHI, numerous dignitaries from industry, government, and academia of both countries attended the forum, including Dr. Subrahmanyam Jaishankar, Minister of External Affairs, and Ms. Nirmala Sitharaman, Minister of Finance and Corporate Affairs of India. The forum aims to promote collaboration and build mutual trust between Japan and India by providing a platform for strategic partnership through cooperation between the leaders of both countries.
Mr. HAYASHI appeared in a conversation with Ms. Deepa Gopalan Wadhwa, former Indian Ambassador to Japan. While mentioning India’s growth potential, he talked about JBIC’s support for Japanese-affiliated companies such as Maruti Suzuki India Limited, which contributes toward enhancing supply chain resilience in line with the Self-reliant India mission. He also addressed JBIC’s support for Power Finance Corporation Ltd., a governmental financial institution that promotes India’s energy independence. Furthermore, he introduced the India-Japan Fund, which was established with contributions from JBIC and the Indian government. This fund aims to deepen bilateral relations by supporting environmental conservation and facilitating Japanese companies’ investments in India and creating opportunities for cooperation between Japanese and Indian companies. He stated that JBIC, a 26% shareholder of the National Industrial Corridor Development Corporation (NICDC), has provided diverse support for Japanese semiconductor companies as well as India’s semiconductor ecosystem by hosting a seminar and site visit tour of the Dholera Industrial Area in Gujarat State, the development of which the Indian government prioritizes as a high-tech industrial hub. During the following Q&A session with the audience, there was a lively exchange of opinions on topics such as support for collaboration between companies of both countries in the green hydrogen field, which India is focusing on developing.
In a panel discussion moderated by Mr. KURIHARA Toshihiko, Chief Representative of the JBIC Representative Office in New Delhi, Dr. Randhir Thakur, CEO of TATA Electronics Private Limited, and Ms. Malini Narayanamoorthi, the Country Head of Renesas Electronics India Pvt. Ltd., engaged in active discussions aimed at building a semiconductor supply chain through cooperation between Japan and India.
As Japan’s policy-based financial institution, JBIC will continue to play an active role in contributing to the overseas business expansion of Japanese companies and the improvement of their investment environment by using its strong relations with the governments, public institutions, and think tanks of host countries.
Note
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Ananta Centre is a New Delhi-based non-partisan think tank, which is operated with donations and sponsorships from private companies and others. It actively provides platforms for addressing issues that are important to the national development and security of India, such as leadership, education, international relations, and public policies.