Japanese construction equipment makers scout for JV partners

Chennai : Japan External Trade Organisation (JETRO), a government-related organisation that works to promote mutual trade and investment between Japan and rest of the world, is upbeat on forging tie-ups between the Japanese and Indian construction equipment (CE) makers.

Presently, JETRO has managed to bring 13 mid-sized construction equipment manufacturers from Japan to showcase their products and technologies at Excon 2011, an international exhibition on construction equipment at the Bangalore International Exhibition Centre (BIEC) on the outskirts of Bangalore.

“Japanese companies are well-known for their technology and we have 13 companies from Japan participating for the first time at Excon. At least three of them are actively looking at opportunities to enter into joint ventures with Indian CE makers and make use of the growing potential for equipment sales here in India,” Masaki Ida, Chief Director General, JETRO, New Delhi, told Business Standard..