Maruti Suzuki India Inks MoU with the Japan External Trade Organization
Maruti Suzuki India Limited (Maruti Suzuki) has signed a Memorandum of Understanding (“MoU”) with the Japan External Trade Organization (JETRO), to promote innovation and facilitate business opportunities for startups from India and Japan.
The MoU was formally 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, Managing Director & CEO, Maruti Suzuki.
Under the MoU, Maruti Suzuki and JETRO will collaborate to support startups based in India in accessing the startup and innovation ecosystem of Japan. Similarly, startups based in Japan will have the opportunity to access the startup and innovation ecosystem of India.
In addition, Maruti Suzuki and JETRO will collaborate to facilitate the participation and networking of startups in relevant activities and events, connecting them with suitable partners.
Startups chosen through Maruti Suzuki’s four innovation programs, including Accelerator, Incubation, Mobility Challenge, and Nurture, will be eligible to participate in these events. Startups from Japan can explore the Indian startup ecosystem by participating through JETRO.
Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited says, “Startups are key drivers of innovation and economic growth. Through our multi-format innovation programs, we have been engaging with startups in India to co-create technology-driven solutions relevant to the automobile manufacturing and mobility space.”
“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,” adds Hisashi.
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Takashi Suzuki, Chief Director General, JETRO India says, “Maruti Suzuki stands as one of the finest examples of the successful partnership between India and Japan. With this Memorandum of Understanding (MoU), we are creating opportunities for even more fruitful business collaborations between our two nations. This MoU aims to foster innovation, drive economic growth, and further strengthen the deep-rooted ties between India and Japan.”