Logo of Phnom Penh Post newspaper Phnom Penh Post - Japan to provide financial aid to businesses working with Indian IT companies

Japan to provide financial aid to businesses working with Indian IT companies

Content image - Phnom Penh Post
Prime Minister Shinzo Abe observes a Suzuki Corp. display with Indian Prime Minister Narendra Modi in Gujarat, India, in September 2017. Yomiuri Shimbun file photo

Japan to provide financial aid to businesses working with Indian IT companies

Japanese companies planning to start new businesses in India in collaboration with local IT firms will receive financial assistance from the Japanese government, The Yomiuri Shimbun has learned.

The assistance will be provided to about 10 companies, including optical equipment-maker Olympus Corp and automobile giant Suzuki Motor Corp, as part of the Japan-India digital partnership formed between the two nations’ governments in 2018.

The money is meant to support the companies’ efforts to draw on India’s outstanding human resources in the field of IT.

The government will grant subsidies totalling about 100 million yen ($945,000) to the companies, which also include members of such industries as agriculture and clothing.

It is hoped that the assistance will help boost their businesses’ credibility and facilitate their operations in India.

In collaboration with India’s IT giant HCL Technologies Ltd, Olympus will build a system in which doctors can examine patients’ symptoms remotely by using endoscopes and smartphones. They hope to help solve the serious doctor shortage problem in India’s regional areas.

Suzuki will also cooperate with an Indian IT firm and NGO to develop a transit bus traffic control system in India’s rural areas, where public transportation systems are underdeveloped.

Japan and India concluded a bilateral partnership pact to cooperate in the digital field in 2018. They aim to develop internationally advanced businesses by combining Japan’s technical and funding capabilities with India’s digital technology.

They also plan to expand successful endeavours into other areas in Asia and Africa.

US and Chinese companies are now battling fiercely for leadership in the digital field, as Chinese companies have grown rapidly.

Collaboration with Indian firms is believed to be a promising move for Japanese companies.

THE YOMIURI SHIMBUN (JAPAN)/ASIA NEWS NETWORK

MOST VIEWED

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last