Maruti Suzuki, Jetro To Boost Business For India - Japan Startups
This MoU was aimed at fostering innovation, driving economic growth, and strengthening the deep-rooted ties between India and Japan - Takashi Suzuki
PUNE: Maruti Suzuki, India’s biggest car maker, has signed a memorandum of understanding (MoU) with the Japan External Trade Organisation (JETRO), to promote innovation and create business opportunities for startups from India and Japan.
Under the MoU, Maruti Suzuki and JETRO will collaborate to support startups based in India to access the startup and innovation ecosystem of Japan. Similarly, startups based in Japan will get an opportunity to access the startup and innovation ecosystem of India.
The MoU was exchanged between Dr Tapan Sahoo, Executive Officer, Digital Enterprise, Maruti Suzuki and Takashi Suzuki, Chief Director General, JETRO India in the presence of Hisashi Takeuchi, MD and CEO, Maruti Suzuki.
Jetro is a Japanese government agency dedicated to promoting trade and investment between Japan and global markets. Initially focused on exports, it now also facilitates foreign investments into Japan and supports small and medium enterprises in international expansion.
Startups selected through Maruti Suzuki’s four innovation initiatives—Accelerator, Incubation, Mobility Challenge, and Nurture—will be eligible to join these engagements.
Maruti Suzuki has already engaged with over 5,000 startups through its initiatives, shortlisting 150 and onboarding 25 as business partners.
“Startups are key drivers of innovation and economic growth. We see great potential in Indian startups, and with this MoU with Jetro, we will be able to provide a platform for these promising startups to explore the Japanese business landscape,” said Hisashi Takeuchi, MD and CEO of Maruti Suzuki.
Takashi Suzuki of Jetro India said this MoU was aimed at fostering innovation, driving economic growth, and strengthening the deep-rooted ties between India and Japan.