Maruti Suzuki India Limited has signed a Memorandum of Understanding (MoU) with the Japan External Trade Organization (JETRO) to drive innovation and open up new business opportunities for startups in both India and Japan.
The MoU was officially exchanged between Dr. Tapan Sahoo, Executive Officer – Digital Enterprise, Maruti Suzuki, and Mr. Takashi Suzuki, Chief Director General, JETRO India, in the presence of Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki.
Through this partnership, Maruti Suzuki and JETRO will work together to enable Indian startups to explore Japan’s vibrant startup and innovation ecosystem, while also offering Japanese startups access to the dynamic and rapidly growing Indian market.
In addition, Maruti Suzuki and JETRO will work with each other to facilitate the participation and networking of startups in appropriate activities or events, connecting them with relevant partners.
Startups chosen through Maruti Suzuki’s four innovation programs:1) Accelerator, 2) Incubation, 3) Mobility Challenge and 4) Nurture, will be eligible to participate in these events.
Startups from Japan can explore the Indian startup ecosystem by participating through JETRO.
Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, “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.”
Mr. Takashi Suzuki, Chief Director General, JETRO India said, “Maruti Suzuki stands as one of the finest examples of the successful partnership between India and Japan. With this 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.”
