India, Japan business bodies join hand to encourage small and medium enterprises

The Federation of Indian Export Organizations (FIEO) and the Japan External Trade Organization (JETRO) have agreed to jointly encourage business ties between Indian and Japanese small and medium enterprises (SME), informed FIEO official. “SME are the 1 who are more aggressive for partnership concern or the proprietorship concern so they have the potential but they don't know how to do business in Japan. That's why FIEO along with JETRO come forward to help them," Vice President, FIEO, Mr. Amit Goyal said on the sidelines of a seminar on Emerging Business Opportunities under Indo-Japan Economic Partnership, jointly organised by FIEO and JETRO in New Delhi.

He also said, "Our emphasis is on the SME sector because 70% of our members are SME. The big players like Tata or Reliance, don't need a handholding. They have their own marketing team, research team and they knowledge everything. But SME industry wants support. So our focus is going to be only on the SME industry.”

Mr. Goyal said, FIEO in association with JETRO is organizing a 3 prong strategy to assist SME of the 2 nations. "It's a 3 prong strategy. One is having aggressive seminars in metros plus 2 tier cities. Second is to have exchange of delegation. We will take the SME delegation to Japan and exchange their delegation and then have Business to Business (B2B) meeting with them. So FIEO specializes in B2B meeting. And the third would be to participate in their leading exhibition and invite their exhibitors to come to India in the various exhibitions that we are having here.”