Tuesday 31 July 2012

The killer trains of India

The number of people dying in train accidents in India in the past ten years or so is substantially more than four times the combined figure for Canada, the US and the UK.
For the past 50 years, Japan has reported no passenger deaths.
Against the 623 train-related fatalities reported in these countries from 2001 to 2011, 3,029 passengers were reported killed in India from 1999 to 2009, official documents show.
However, train journey is undertaken by many more people here than in the countries mentioned.
In an internal note, the Indian Railways have drawn statistical satisfaction from the fact that accidents have come down from 0.44 mishaps per million train km in 2002-03 to 0.15 in 201011.
However, not all railway functionaries are comfortable with this number jugglery.
"These statistics hide more than they reveal," admitted Sanjay Pandhi of the Indian Railway Loco Running men Organisation.
Railway officials say accidents happen because of the vast nature of operations - 19,000 trains running over a network of 63,974 route km and transporting 23 million passengers each day.
But countries running equally huge rail networks have a better accident record.
Canada's rail network is marginally lower than India's, but only four passenger deaths have been reported there from 2001 to 2011.
For the same period, 571 passenger deaths took place in the US, which runs a rail network about four times India's, and 48 deaths were reported in the UK.
The railways minister also announced an ex-gratia payment of R5 lakh each to the relatives of those killed in the mishap. He also announced a payment of R1 lakh each for those grievously injured and R25,000 each for those with minor injuries.
"Help desks have been opened at the spot, in Delhi and Chennai. We have also arranged a special train to carry the relatives from Chennai to Nellore. All efforts are being made to provide proper treatments to those who suffered injuries," Roy said.
Asked whether the blaze was caused by a short circuit the railway minister said nothing was being ruled out. "The fire may have also been caused due to some inflammable article carried by any passenger. The high power committee has been formed to investigate the exact reason behind the fire."

Toyota Launches Sub-Compact Models

Toyota is coming in with a compact version of the Porte model for Japan. The sub-compact will have features like a minivan and along with it, they will also be introducing the Spade series. The Spade will be with a box-type front and sharper headlamps and tail lamp graphics.
The two models will be equipped with a 1.3-litre and 1.5-litre petrol engines with optional front or 4WD. The petrol engine will be mated to a super Continuously Variable Transmission-Intelligent (CVT-i) automatic transmission.
The sub-compact cars will include the electric sliding door which would be remote-controlled, on the passenger side. On the driver’s side however, are the conventional doors. The cars will also have the practical features like foldable front passenger seat which can be adjusted forth and back, hooks for hanging shopping bags etc.
The price of the Porte and Toyota Spade will range from USD 18,450 to USD 24,300, in Japan. When converted in INR, the price range is approximately, Rs. 10.25 Lakh to Rs. 13.50 Lakh.

Modi as Indias ‘Ambassador’, and the future of diplomacy


Analysts in India have tended to view the recent visit to Japan of Gujarat Chief Minister Narendra Modi through a narrow political prism. They see it as an image-building exercise conjured up by Modi’s slick PR machinery to project him on the international stage and appear, well, Prime Ministerial.
Strategic affairs analyst B Raman, for instance, claimed that Modi’s visit had been largely ignored by the Japanese media. “All Jai Ho reports coming from organised NaMo groups,” he said, evidently referring to the positive, even glowing chatter about Modi’s visit among social media platforms by diehard Modi followers.
There is, of course, a history to Raman’s disdain for Modi’s followers on Twitter, whom he has in the past accused of behaving like “Nazi stormtroopers” (as Firstpost noted here).

However, it isn’t entirely true that Modi’s visit entirely slipped past the radar of the Japanese media either. As we had noted here, influential Japanese media had interviewed Modi and had otherwise acquainted their readers with Modi’s record of governance, and his place in Indian politics.
And while he was in Japan, Japanese electronic media had interviewed him – about the industrialisation of Gujarat and had even asked him some probing questions about the 2002 riots, which he did not flinch from.
 
Additionally, they repeatedly asked him about the perception that he was being projected as his party’s Prime Ministerial candidate. It was to this question that Modi had responded by saying that “there are no ifs and buts in politics.”
Yet, to view Modi’s visit primarily as a PR exercise misses out on some of the more significant aspects of what one columnist calls “a twist” in the way Indian diplomacy is increasingly being advanced by State-level leaders.
Although other Chief Ministers too have been going abroad in the interest of inviting investments to their respective States, Narendra Modi, observes Ashok Malik, is perhaps the first leader to seek a quasi-diplomatic profile to his overseas visit. It was a sentiment that, in this instance, the Japanese were willing to reciprocate, which they acknowledged by receiving him with protocol befitting a Cabinet-ranking Minister of the Union, which in the Warrant of Precedence is higher than that of a chief minister outside the State.
At one level, it is an acknowledgment of the reality that it is the State governments in India today that are shaping India’s economic fortunes. With the Central government in the grip of a policy paralysis, State-level leaders have stepped up to seize the momentum. In that sense, the trend is towards economic decentralisation, in direct contrast to the situation in Europe, where countries are learning that their future lies only in greater economic and political centralisation.
And these “subnational governments” as they are called are increasingly beginning to exercise their influence in international relations in ways that analysts are only just beginning to acknowledge.
Propounding his theory of ‘paradiplomacy’ – or diplomacy that runs parallel to that between nation-states – the political scientist Ivo Duchacek observed that “subnational” presence on the international scene had become a fact of life. In his view, in some fields of international economy, we may have to get used to the idea that the world is not only divided into nation-states but, in some cases, also into their territorial components.
Unlike nation-states, of course, these subnational governments are not sovereign actors, and do not, for instance, command an army or send ambassadors. Nevertheless, since most of the issues that are of critical importance to international investors – for instance, issues relating to land, law and order, infrastructure and human resources – are in the domain of the States (as in India), they will increasingly be more influential in shaping international relations.

The experience of China in this area is illustrative. As China opened up its economy, its provincial governments and leaders have been given a degree of functional autonomy to advance the economy as they deem fit. In recent years, they have become significant players on the international stage, particularly in shaping China’s foreign economic relations.
Of course, not all interventions at the subnational level contribute positively to improving international relations. The Tamil Nadu government’s disproportionate influence – based on Tamil ethnic identity – in shaping India’s foreign policy vis-à-vis Sri Lanka has sometimes been problematic, ignoring larger strategic considerations. Likewise, Mamata Banerjee’s invocation of her veto powers to spike a settlement on Teesta with Bangladesh proved profoundly embarrassing for the Central government.
And as is demonstrated by the Track II diplomacy between India and Pakistan, sometimes these ‘subnational diplomats’ get carried away by bilateral bonhomie that is blind to the larger strategic complexities.
Yet, as Modi’s most recent visit to Japan, and the Japan government’s acknowledgment of its significance, show, this is a trend that will only gather momentum as foreign governments realise that it’s probably easier to get things done by conducting ‘paradiplomacy’ with those States that, as with Gujarat under Modi, mean business. Our State-level leaders will increasingly become India’s Brand Ambassadors.

Mahindra Satyam to take 2 years to reach 2011 revenue levels from Japan




Mahindra Satyam to take 2 years to reach 2011 revenue levels from JapanMahindra Satyam to regain earning levels of about USD 60 million (about Rs 336 crore) that it was making from the Japanese market before earthquake hit that country last year, a top official of Mahindra Group said today.

"Post earthquake, the situation has dramatically changed. There is a lot of pressure, and after the earthquake things virtually stopped for about six to eight months. No new business was coming," the official who does not want to be named, told PTI.

"Now this euro-zone crisis has started. It may take at least two years for us to get back to USD 60 million revenue figure," the official added.

The official said that revenues from Japan have gone down to USD 40 million (about Rs 225 crore) after the earthquake in March, 2011.

Mahindra Satyam, a part of Mahindra & Mahindra group, had reported revenues of Rs 6,395.56 crore for 2011-12 fiscal.

"No Indian IT company has ever touched USD 100 million- mark in Japan so far," the official claimed.

Mahindra Satyam has 100 employees in the country serving large customers. "Japan is different IT market... That is the reason we do not have much of employee strength there," the official said.

Nasscom President Som Mittal had earlier said that the earthquake and subsequent tsunami would have short-term impact on India's IT exports to Japan.

The total exports of the Indian IT-BPO industry to Japan with majority of operations are centred in and around the Tokyo and Osaka areas.

These cities are located far from the areas which were impacted by the earthquake and tsunami.

The Mahindra Official said though the situation in Japan is slowly improving, it will take some more time for the Japanese market to fully gear up to meet the total potential in terms of IT spending.

Japanese food on the tip of world’s tongue



portal on indian newsJapanese food could one day rule the world after being voted global travellers third favourite culinary delight, a new worldwide food survey from Hotels.com reveals.
The survey, which questioned more than 27,000 travellers, shows there is now tough competition for more traditional favourites such as Italian and French cuisine from food from the Far East.

Although international travellers do still favour Italian (32%) and French (24%) cuisine, with them taking first and second spot in the rankings, the dishes from the ‘Land of the Rising Sun’ Japan are gaining in popularity with more cosmopolitan palates.
Eighteen percent of all people surveyed favoured Sushi, Tempura, Ramen and Japanese Soba, particularly when it comes to fine dining.

“Japanese food is seen as great example of healthy eating and there are a variety of Japanese restaurants in every multicultural capital,” said Alison Couper from Hotels.com.
“I’m a big fan of Japanese and not surprised at its elevated ranking. The fact that it beat more traditional holiday dishes such as Tapas and Burritos is testament to the world class reputation of Japanese chefs.”
Several other Asian countries appear in the Top Ten list, including China (13%), Thailand (8%), Taiwan and India (5%).

The popularity of Paella and Tapas could have contributed to Spain clinching fifth place (11%) on the list, while those who love Burger and Fries have helped the USA secure sixth place (10%) in the table.
According to Japanese locals there is much more on the menu than just Sushi and traditional cuisines like Tempura, Ramen, Japanese Soba, Okonomiyaki, Shabu Shabu, Japanese Curry, Yakiniku, Natto and Fugu are creeping up the popularity scales with the global traveller.

The plate of Indian travellers:
According to Indian travellers, the world’s best local food is found in India (38%) followed by USA (31%) and China (17%).
Within India, travellers voted for the capital city of New Delhi (33%) as having the best local food, followed by Mumbai (20%) at second place and Kolkata at a close 18%.

Since Indian culture is known to be family oriented, travellers also voted for the best city in the world for family dining. London, New York and Paris were the top choices amongst Indians for this.

If Indians had to recommend to travellers the top three ‘must try’ dishes of India the following were the choices:

Pani Puri 53%
Alu Paratha 45%
Idli Sambhar 41%

The other popular Indian dishes were Pav Bhaaji with 39%, while Butter Chicken and Mutton Biryani followed closely with 37% votes each and Sarson da Saag/Makke di Roti received 34%.

Monday 30 July 2012

Yes Bank Limited : and Japan’s Shinsei Bank, Limited Enter into a Comprehensive Business Alliance




YES BANK, India's fourth largest private sector Bank and Shinsei Bank, Limited, ("Shinsei Bank") announced today that the two banks have signed a comprehensive business alliance to co-operate on information-sharing and business development, syndications, lending, investment banking, trade finance, remittances, treasury operations among other areas. The two banks had signed a memorandum of understanding on a business alliance in the Japan-India cross-border M&A business in November 2010. By expanding the scope of the alliance to cover a broader range of businesses, YES Bank will further strengthen its support framework for Japanese institutional customers looking to enter the Indian market, at the same time supporting Indian clients focusing on Japan related businesses.

The alliance will play an active role towards further augmenting trade and investment flows in the key Indo-Japan corridor. With this tie-up, YES BANK and Shinsei Bank will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships to open up Investment Banking, Corporate Banking, Trade Finance & Remittance opportunities for their respective clients

Speaking on the development, Dr. Rana Kapoor, Founder, Managing Director & CEO, YES BANK said, "The India-Japan corridor for trade & investments has undergone significant & qualitative shifts in recent years, propelled through strategic partnerships between the two countries that include several high visibility flagship projects such as the DMIC and Dedicated Freight Corridor. This alliance with Japan's Shinsei Bank furthers our commitment towards this business corridor. Through our knowledge banking initiatives and advisory services, we look forward to exploring further opportunities for cross-border trade and investment. I am confident that this partnership will enable us to provide enhanced banking support and economic and business intelligence to Japanese and Indian corporations seeking business opportunities in either of the countries."

ABOUT YES BANK
YES BANK, India's fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Dr. Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals' Bank of India with the vision of "Building the Best Quality Bank of the World in India" by 2015

About Shinsei Bank, Limited
Shinsei Bank is a leading diversified Japanese financial institution providing a full range of financial products and services to both institutional and individual customers. The Bank has total assets of 8.6 trillion yen (US$105.0 billion) on a consolidated basis (as of March 2012) and a network of outlets throughout Japan. Shinsei Bank demands uncompromising levels of integrity and transparency in all its activities to earn the trust of customers, staff and shareholders. The Bank is committed to delivering long-term profit growth and increasing value for all its stakeholders.

‘For better prospects, learn Japanese’

Ambassador of Japan to India, Akitaka Saiki, was in Pune on July 26 to celebrate India-Japan ties. He spoke about why Japanese language is nowadays preferred by so many Indian students and the various growth prospects the language is offering.
The ambassador’s visit coincided with India and Japan completing 60 years of relationship and on the occasion, he visited three institutes in the city. He also encouraged students to learn the language. During a visit to city’s Japanese language institute ‘Transjap’, located at Prabhat Road, Saiki appreciated the quality training, translation and interpretation services undertaken by the institute. He also visited Tilak Maharashtra Vidyapeeth and Indo-Japanese Association.

Attending one of the interactive sessions conducted by Transjap faculty for the students, Saiki said, “Students must learn and absorb the most through such interactive sessions since it will help them to develop their skills faster. I am happy with the progress of students and hope they continue to learn further so that they can help in strengthening the bond between both the countries and also make a successful career.”
One of the senior faculty members at Transjap, Varsha Kondivkar, who conducted a lecture session for the Japanese ambassador, said that the purpose of his visit was to know about the Japanese language education held in Pune. “The ambassador wanted to know why people are learning Japanese and what methods are used for teaching. He was interested to know what more can be done to strengthen the Indo-Japanese relationship through the language education in India,” she added.

Established in 1997, Transjap Services in Pune is recognised by Japan Foundation that supports Japanese-language education overseas. The institute conducts trainings for Japanese language proficiency test (JLPT) and offers tailor-made courses suiting the requirement of clients. Its services also include translations and interpretations from Japanese to English and vice versa.

Modi returns from Japan to face ‘ground realities’ in Gujarat

Even as the Gujarat Chief Minister, Mr Narendra Modi, returned from his much-publicised visit to Japan, the State Government is grappling with the ‘ground realities’ arising out of public discontent over a variety of issues. Its attempts to paint a rosy picture of the visit were virtually ‘washed out’ as a drought now looms large in the State after a gap of over a decade due to the failure of the monsoon.
In an official press release, the State Government said Mr Modi was the “only Chief Minister” from India to have been invited by the Japanese Government and that he received “unprecedented welcome” in Tokyo. It also listed the Japanese dignitaries, including the Deputy Prime Minister, Mr Katsuya Okada, he met with during 65-odd meetings, and cited the dinner hosted by the Japanese Government in his honour.
“Mr Narendra Modi left a lasting impact in the hearts and minds of the people of Japan about Brand Gujarat,” it said.
But, soon after his return, while Mr Modi rushed to take “stock of the situation in wake of the delayed rainfall” in the State at a high-level meeting in Gandhinagar, his officials, who tried to brief the media persons here about the “successful visit” had to beat a hasty retreat half-way through in the face of strong opposition and slogan-shouting by a group of workers from the Opposition Congress women’s wing and cooperative bodies, who had entered the venue and were sitting silently among the media persons for some time.

Denounce Modi

The demonstrators carried placards denouncing Mr Modi as “anti-farmer”, “pro-businessmen” and “a CM who brought benefits to businessmen, not for the people.”
The sloganeers, asking the Modi Government to arrange for water for the people and fodder for their cattle, made it impossible for the officials and some businessmen to interact with the media and refused the leave the auditorium — instead, the officials had to leave the venue amid bedlam as the few security men failed to oust the demonstrators.
Earlier, Mr Parimal Nathwani, Group President, Reliance Industries Ltd and a Rajya Sabha MP from Jharkhand, said Mr Modi was received “like a Prime Minister” during the Japan visit. “The Japanese believe in his leadership, and I believe they would invest in Gujarat in a big way.”
Some other speakers also spoke in a similar vein, showering encomiums on the CM, without giving any concrete details about the outcome of the four-day-long “highly successful” visit.
M Maheshwar Sahu, Principal Secretary (Industries), tried to pacify the sloganeers. “The CM returned midnight last night and was busy until 3 am. You don’t know how tired he is and what he is going to bring to Gujarat,” he said.
Later, outside the auditorium, Mr Sahu said the Japanese are likely to set up a township near the Becharaji temple, about 100 km from Ahmedabad, where Maruti Suzuki India Ltd has been allotted 700 acres of land to set up a new manufacturing plant. However, he did not elaborate.

Sunday 29 July 2012

Top Japan firms eyeing Gujarat: Government

Apart from Suzuki Corporation Ltd - which is setting up its India car manufacturing unit in North Gujarat - at least half-a-dozen top Japanese companies have shown interest in investing in the state, an official has said.

On Friday, members of the delegation that accompanied chief minister Narendra Modi on his four-day visit to Japan interacted with the media. Principal secretary Maheshwar Sahu, who led the delegation, said that companies eyeing Gujarat included IHI, a heavy engineering firm; Mizuho, a value-added financial services player; and Mitsubishi, which manufactures cars and electrical equipment. Other interested companies are Hitachi, which makes a wide range of products from home appliances to electronic devices; and Etochu, a machinery, aerospace, and electronics major. These companies will participate in the Vibrant Gujarat summit in January 2013, Sahu said.

"The Japanese are particularly interested in building their first industrial township about 15 km from the Maruti-Suzuki plant site near Bhechraji temple, instead of the site proposed earlier in the Dholera Special Investment Region," Sahu said.

 
The Gujarat Industrial Development Corporation plans to acquire 600 hectares of land between Mandal and Bhechraji, on which Japanese industries will set up shop.

Asked why Modi could not meet the Japanese prime minister, Sahu said, "The Japanese PM was busy. A parliament session was on. He is facing opposition within his party." He added, "The Japanese deputy prime minister met Modi. That is almost equal to the PM's post."

As for the outcome of Modi's previous visits to foreign countries, Sahu said, "We will put out a white paper on this."

Sudhir Mehta, chairman of Torrent group who was a part of the delegation, said: "Investment for projects comes over a considerable period of time." Another delegate, Parimal Nathwani, group president of Reliance Industries, said: "There was a difference in the approach of the Japanese this time. While previously they were at an exploratory stage, they now wanted to know where to invest and how."

Opposing voices

Members of Congress party's kisan cell and Bhartiya Kisan Sangh interrupted the press briefing. A group of 30 to 35 members with placards started shouting anti-government slogans. "Farmers in the state are not getting water and electricity and the government is trying to project a glossy picture in Japan," said Dashrath Patel, president Gujarat Congress's kisan cell. The protesters had gained entry into the conference room posing as journalists.

Nippon to bring post-sales service to Indian insurance market

Japan''s Nippon Life has said it plans to bring the practice of post-sales services to the Indian insurance industry through its partnership with Reliance Life in the country.

Customer service activities make for a key element of the company''s insurance business in Japan and it would look to reciprocate the same in India as well, Nippon Life Insurance President Yoshinobu Tsutsui told PTI.

As a strategic partner, Nippon Life has 26 per cent stake in Reliance Life Insurance, which is part of Anil Ambani-led Reliance Group''s financial services arm Reliance Capital.

Post-sales service is a widely prevalent practice in a host of consumer-focussed businesses, including consumer goods and home appliances, and involves a continued relationship between the company and its customers through maintenance and advice-like offerings for years after the actual sale.

However, post-sales services are not available in the Indian insurance industry, although some other financial services segments like banking do offer such offerings in form of financial advisory services for certain customers.

In the insurance sector, financial advice is an important part at the time of signing up the customers, but it is up to the customers to seek any further service from the insurers after they have enrolled for their policies.

"We make it a rule (in Japan) that all our sales people visit every customer at least once a year periodically," Tsutsui said in an email interview, while adding that such visits also help in selling new products to the existing customers and in acquiring new clients.

"...we would like to reciprocate this kind of experience or initiative that we have been doing, trying to do at Nippon life also at Reliance life," he added.

Stressing on the need for an after-sales service, Tsutsui said that life insurance is a long-term product the customers'' needs may change over a period of time, according to his or her age, marital status and family size etc.

"At each stage of life, there is a requirement to review the current policy that the customer is enrolling. That''s why it is very important for sales agents to periodically visit the customers to find out their diversifying needs in their various life stages. This is the key point in enhancing customer satisfaction," he said.

"We have gathered various experiences, know-how and best practices in Japan. Now, it''s our turn to share the experience with our partner Reliance Life Insurance," Tsutsui added.

On product strategy, Tsutsui said, "We will be more than happy to help Reliance Life Insurance in capturing the trend shift in product portfolio and developing that kind of new products." PTI BJ KSR

Saturday 28 July 2012

Drought trips Modi’s Japan jaunt

While he is still basking in the glory of all the attention in Japan, back home, a looming drought and fuming discontent among the farmers washed away all the achievements that Gujarat Chief Minister Narendra Modi wanted to brandish before his electorate.
While a contingent of high-level officials and industrialists were supposed to brief the media on the high profile four-day Japan trip of the chief minister, the attempted media interaction was thrown into complete disarray after a group of workers from the Opposition Congress women’s wing and cooperative bodies, who had entered the venue in the guise of journalists broke into sloganeering. The group also carried placards decrying Modi for being “anti-farmer”, “pro-industrialist”, benefiting only the industrialists and not the people.

Raising loud slogans seeking water and fodder for the farmers, the demonstrators forced the industrialists and the officials to abort the interaction midway and leave the venue as the few security personnel failed to control the situation.

In the brief statements that the industrialists could make, Parimal Nathwani, Group President, Reliance Industries Ltd (RIL) and a Rajya Sabha MP from Jharkhand, pointed out that Modi was received like a prime minister in Japan. “The Japanese believe in his leadership, and I believe they would invest in Gujarat in a big way,” Nathwani said, fanning Modi’s prime ministerial ambition.

‘More investment’


The “highly successful visit” was lauded by a few other speakers as well, who however refrained from substantiating the success with adequate specifics.

Interacting with the media outside the venue, Maheshwar Sahu, Principal Secretary (Industries), later claimed that the Japanese were likely to set up a township near the Becharaji temple, about 100 km from Ahmedabad.

Maruti Suzuki India Ltd (MSIL) has already been allotted 700 acres of land to set up a new manufacturing plant. Meanwhile, with a drought-like situation emerging in the state, Modi huddled with his officials in an urgent meeting on Saturday to take stock of the fodder and water situation in the state.

Maruti may start construction of plant in Gujarat soon


Maruti may start Guj plant work in 3 months
Country's largest car manufacturer Maruti Suzuki is expected to begin construction of its proposed manufacturing unit in Mandal taluka near Ahmedabad within the next three months, a top state official said.

Gujarat Chief Minister Narendra Modi recently met Suzuki Motor Corp Chairman & CEO Osamu Suzuki during his Japan tour.

"Chairman of Suzuki has said they will start the work on setting up car manufacturing plant at Mandal soon, and assured that a large number of vendor units would also come up there," state's Principal Secretary (Industries) Maheshwar Sahu said.

"I think they would begin construction work within next three months," said Sahu, who was a member of delegation accompanying Modi.

The company had faced a serious bout of violence at its Haryana plant recently, and there was some speculation that it might focus more on the planned plant in Gujarat.

The government has already allotted two parcels of land to Maruti Suzuki, measuring 160 hectares 70 hectares, for its proposed expansion in Gujarat.

The company is set to invest Rs 4,000 crore -- its biggest investment outside Haryana -- to set up the greenfield project near Becharaji, Mandal taluka, by 2015-16.

Besides, components suppliers of the company are also likely to make an equal investment.

The plant will be set up in a phased manner, with initial investment of Rs 4,000 crore by 2015-16. The overall capacity in the first phase will be 2.5 lakh units.

"They (Japanese) are very serious about making investments in Gujarat in sectors like automobile industry. A exclusive vendor park for Japanese industrial houses is proposed near Mandal," Sahu said.

Friday 27 July 2012

Yamaha plans to use India as key global hub

Yamaha Motor of Japan is planning to use India as one of its key global hubs for motorcycles and scooters.
Mr Hiroyuki Suzuki, CEO & Managing Director, India Yamaha Motor, told Business Line that while high-end models could be exported to the Asean region and Japan, low-cost models would be the best bet for emerging nations such as Africa. The idea is to optimise the robust ancillary supplier base here which offers the best in quality and a competitive costing structure.
For the moment, Yamaha has little going for it in India from the viewpoint of market share, but Mr Suzuki said all this was set to change during the course of this decade. The company will focus on gearless scooters as part of its strategy to clock volumes, while 150cc plus motorcycles will contribute to the brand-building effort.
“The scooter market is growing very fast in India and we would like to be part of this segment with the Yamaha DNA. We will focus on young women riders initially (with the Ray) before looking at other user categories,” Mr Suzuki said.

Force to reckon with

While it is still in the process of putting its India house in order, Yamaha has been a force to reckon with in Indonesia, Thailand and Vietnam where it wrapped up last year at 4.6 million units. India’s volumes were more modest at a little over five lakh units of which exports took up a third.
The company has targeted 6.4 lakh two-wheelers this calendar where exports will account for 1.9 lakh units. The one-million-mark has been set for 2015 by which time exports will account for 20 per cent (largely to Latin America and Asia). This component is gradually expected to increase post-2015 as Yamaha will focus on producing more in India for exports to Asean and Africa.
According to Mr Suzuki, India’s ranking in the Yamaha map will climb rapidly in the coming years from its present modest standing. This will go in line with its growing importance as a global production hub which may well see the country overtake traditionally strong Yamaha markets in the Asean region. Incidentally, this is also true for Honda which believes India will become its largest two-wheeler market (ahead of Indonesia and Vietnam) from 2015-16.

Procurement base

Yamaha will also use India as one of its four regional procurement bases to source parts for its global two-wheeler operations, the others being Japan, China and Asean. Its home base, Japan, will focus on technologies, while the global operations (primarily its Asean integrated development centres) will become more proactive in product development. India will join this list in good time as an intensely competitive market will require more local R&D efforts.

Toshiba India sees Rs 5,000 cr sales by March 2015

Toshiba India, a 100 per cent subsidiary of Toshiba Corporation, Japan, on Thursday said it was eyeing Rs 5,000 crore sales from its digital business in India by March 2015. The company aims to sell 20 lakh units of televisions and 10 lakh units of personal computers by then.

In line with its strategy, the company launched a new line-up of LED TV ranging between Rs 10,000 and Rs 12,00,000. It plans to launch 11 platforms and 22 distinct models of LEDs. The firm also rolled out three new range of PCs, priced between Rs 33,250 and Rs 64,000.

“We are rapidly shifting focus from LCD TV to LED TV. We aim to garner 15 per cent market share by March 2015,” said Mr Tengguo Wu, Director, Toshiba India. The company has increased its market share in flat panel TV from 1.9 per cent in 2011 to 11.1 per cent in March 2012.
In the PC segment, Toshiba is hoping to achieve a market share of 10 per cent by this fiscal against 7.2 per cent in the last fiscal with sales of two lakh units.
The company had closed fiscal 2011 with a $ 74 billion in revenues, 45 per cent of which had come from overseas market. The company currently has 6,000 sales points along with 450 service centres across the country.

Narendra Modi invites Japanese investments in textile sector

Gujarat Chief Minister Narendra Modi on Thursday invited Japanese companies to invest in Gujarat's textile sector.
Narendra Modi invites Japanese investments in textile sectorSpeaking at a round table conference of Japan's top 16 finance and banking companies in Osaka, Modi - who is on a visit to the country to woo investors - said that his state's textile and the textile park policy is based on 5 'F' formula of Farm-Fibre-Fabric-Fashion-Foreign.
During his address at another seminar in the city, the chief minister said that bond between Gujarat and Japan has become firmer during the last five years.
He said that Gujarat's transparent policies, proactive pro-people good governance (P2G2), skilled and peaceful manpower, environment-friendly policies and similarities in culture will help in making Japan feel at home in his state, according to a Gujarat government official release.
Modi said the bulk of land in ongoing Delhi-Mumbai Industrial Corridor, being implemented in collaboration with Japan, falls in Gujarat, it added.
Modi also met a delegation from automobile maker Toyota in Nagoya. Toyota's adviser Dato Akira Okabe and General Manager, Makota Sasagura met the Gujarat chief minister and gave details of the company's operational plants in India and future expansion plans.
Modi also met Hideaki Ohmura, Governor of Aichi prefecture province in Nagoya, who discussed with him ways to develop relationships between both the regions.
In a programme organised to welcome the Gujarat Chief Minister, Ohmura described Modi as the "future of India". Ohmura said there are many similarities between Aichi and Gujarat.

Modi hard sells Gujarat to Japanese investors



While Narendra Modi’s interview to an Urdu daily stating that he be publicly hanged if he is found guilty of the 2002 riots is making headlines in India, the Chief Minister is not missing any chance to project Gujarat as the most industry-friendly place to industrialists in Japan.
On the fourth day of his official visit to Japan, Modi and his delegation travelled by bullet train from Hamamatsu to address an investment seminar organised by the Japan External Trade Organisation (JETRO) at Nagoya. He also travelled to Osaka to attend a roundtable conference organised by Mizuho Corporation Bank in Osaka. At the end of the day, he went to Kobe to attend a reception by Indians, several of whom comprised Gujaratis.
A delegation of Japan’s renowned carmaker Toyota met Modi in Nagoya on Thursday. Toyota’s advisor Dato Akira Okabe and general manager Makota Sasagura gave details of the company’s plant in India and its expansion plans. Modi spoke about how Gujarat was emerging as an auto hub of Asia.
Speaking at the JETRO seminar in Osaka, attended by the top brass of about 100 companies, the Chief Minister said the bond between Gujarat and Japan has become firmer in the last five years. He said Japan would feel at home in Gujarat due the Gujarat government’s transparent policies, Proactive Pro-people Good Governance (P2G2), skilled and peaceful manpower, environmental-friendly atmosphere as well as cultural similarities. He pointed out that the bulk of land in the Delhi-Mumbai Industrial Corridor, which is being implemented in collaboration with Japan, falls in Gujarat.
Modi said Gujarat guaranteed prosperity. He said he was lucky to be able to attend 44 functions in five provinces, meet seven ministers and over 2,000 key personnel during his four-day stay in Japan.
Comparing his Japan visit of 2012 with that of 2007, Modi said earlier people used to asked ‘Why Gujarat’, while today Japan asks ‘Why not Gujarat’. He said at least one delegation from Japanese companies visits Gujarat every week to discuss a new project.
Talking to the top 16 finance and banking companies at the roundtable conference in Osaka, Modi apprised the Japanese companies about Gujarat’s new vibrant textile policy and the textile park policy.
Modi discusses Aichi and Gujarat relations with the governor of Aichi Prefecture Hietchi Ohmura.

Ricoh India launches high-performance, compact A4 colour MFPs

Backed by its core philosophy of comprehensive office solutions, tech-savvy, and eco-friendly products to meet emerging customer needs, Ricoh India Limited, a subsidiary of Ricoh Company Limited, Japan, today announced the launch of its compact A4 Colour multifunction machines which offers a guaranteed print cost.

Ricoh has launched their new colour MFP range Aficio MP C305SP/MP C305SPF, offering advanced print, copy and scan functions from desktop-suitable devices. Designed to replace several single-function devices, these innovative multifunction products help to improve workflow, while their small footprints save valuable office space. These new machines are available starting from Rs. 200,000/- onwards.

Tetsuya Takano, Managing Director and Chief Executive Officer, Ricoh India Limited said “Ricoh India continuing its new range of offerings now introduce Aficio MP C305SP / MP C305SPF range of compact A4 MFPs.  All these MFPs feature a tiltable and customisable 4.3-inch colour touch panel which makes them extremely easy to operate. 

Businesses can customise the home screen by inserting a company logo and changing the icons to give their employees a more personal experience, while full front access eases operation and maintenance. This is one more step towards delighting our consumers with feature rich offerings which are user friendly and occupy the least footprints by merging 3-4 single function devices,”

The Aficio MP C305SP and MP C305SPF provide a continuous output speed of 30 colour or B/W pages per minute after a warm-up time of 30 seconds. Extra paper trays make frequent refills no longer necessary, and these are the first A4 desktop MFP models to support a 1-bin tray which fits inside the standard catch tray – used to separate important output like inbound fax communication from other printed documents. 

These devices print on a wide range of formats (A4, A5, A6, B5, B6, Letter and Executive) on plain, special and recycled paper up to 220 g/m2 Card stock, envelopes and transparencies can also be used.

Scanning capabilities include colour scanning, and scan to email, folder and USB/ SD Card. The reduce/enlarge scan function adapts the paper size, while the enhanced batch scan feature enables scanning of only the printed sides of one-sided and two-sided mixed originals.

Standard security features include locked print and hold print, both requiring user sign-in before prints will be released. An embedded watermark, LDAP authentication, and HDD overwrite and HDD encryption options support additional security needs. To reduce the number of unnecessary prints/copies, limits can be set on the amount of outputs for each individual user or group.

The MP C305SP/MP C305SPF provides enhanced device management capabilities that save time, increase efficiency and reduce costs. The high-performance GWNX controller allows the configuration of device settings, and enables status monitoring and the creation of usage reports.

In addition, these machines offer a feature which is unique to the industry, Ricoh’s Eco-Friendly Indicator. These feature is standard on the MP C305 and MP 301SPF, which helps individual users monitor how much paper they’re saving. An attractive icon grows virtual leaves to reward users for being greener, which saves the organization money while conserving natural resources. Organizations can also set paper quotas for individuals or groups.

The Aficio MP C305SP/MP C305SPF has environmentally responsible and money-saving features such as sleep mode, duplex printing and paperless fax. These machines incorporates Ricoh’s new Quick Start Up (QSU) fusing system which helps reduce the Typical Electricity Consumption and reduces both the recovery time from sleep mode and the initial warm-up time.

Rajiv Bhatia, Chief Operating Officer, Ricoh India Limited said “These devices will be ideal for customers who are worried about the print cost on various single function printers. Thus on consolidating 4 – 5 printers with one of such kind device can reduce the printing expenses and worries on stocking the supplies for different machines. 
Ricoh India offers a guaranteed cost per page program for these machines, thus the customer need not to be worried about the coverage area per page, cost per page on printing a colour document, consumables or service or spares.”

Ricoh India is equipped with a well set up Service Network where all these machines will be serviced at the customer door step as like any other Ricoh Products.

Yamaha YZF-R15 v2.0 to be exported to Japan .



It has almost been twenty seven long years since India Yamaha Motors had set up a manufacturing plant in India.
And now, in what could be stated as a first in the history of our two-wheel industry, Yamaha are all set to export their flagship Indian sports bike, the R15 v2.0 to the Land of the Rising Sun. The Japanese two-wheeler marque will be exporting their first shipment of 300 units of the R15 from their Surajpur manufacturing plant in the next month and, if this move proves to be positive, the company may even begin to export the FZ series to Japan.
Hiroyaki Suzuki, MD, India Yamaha Motor, has stated that, the motorcycles manufactured in India meet the advanced specification of developed markets and they are produced at a lower cost. “We are sending R15 to Japan to test market them in the Japanese market and if the response is good, we may explore more products for export to Japan and other advanced markets in the world,” he stated.
About 4,00,000 units of two-wheelers are sold in Japan annually, with the market being dominated by 50cc scooters and the rest made up of big bikes. The R15 v 2.0 commands a price tag of 1.15 lakh on Indian roads, but in Japan, it will have a market price of ¥3.42 lakh, or 2.45 lakh. Mr. Suzuki goes on to state that Japan is a market for big bikes and racing motorcycles and within that, the 150 cc segment is fast emerging. The R15 fits the bill perfectly with its handling and its easy to race DNA and could also be an ideal choice for entry-level racing. If the response is good, Yamaha plans to export the bike to Europe next. Yamaha motors have already started exporting their bikes to Turkey and Spain, and Portugal is the next step in the block with the R15 and FZ slated to be launched there next year.

Thursday 26 July 2012

India and Japan telecom markets to push Asia Pacific to lead tablet market

Asia Pacific will become the largest tablet owning region, ahead of North America, by 2016.

China, India and Japan, amounting to 76 percent of Asia volumes, will be the big-three APAC countries.

Asia Pacific will represent one-quarter of the entire global installed base for tablets by 2016.

Tablet installed base will grow 125 percent annually during 2012.

Countries with the highest Tablet installed base at present include the US, UK, China, Japan and France.

Countries with the highest household penetration include some of the smaller or wealthier countries such as Hong Kong, Switzerland, Luxembourg and Singapore.

Household penetration becomes significant in many countries by 2016, the top 14 countries have over 50 percent penetration.

The installed base of tablet computers will continue to grow at a strong pace for the coming years, surpassing 780 million in 2016.

"Since the introduction of the iPad, the tablet market has shown hyperbolic growth rate. Yet, many households remain tablet-less. Price erosion in the premium and high tier segments, as well as the availability of a number of smaller, lower cost tablets, like the Kindle Fire and Nexus 7, will drive further sales," said Matthew McKee, analyst at Strategy Analytics.

North America, Asia-Pacific, and Western Europe to Account for 91 Percent of Tablet

Recently, In-Stat said three regions, North America, Asia-Pacific, andWestern Europe will be responsible for 91 percent of all tablet unit shipments in 2015.

"There is obviously strong potential for tablets, as there has been with other mobile electronic devices. One key difference, however, is that the commercial market also represents a potential revenue opportunity for tablet OEMs," said Stephanie Ethier, senior analyst at In-Stat.   

Apple leads global media tablet market in first quarter

Apple is leading the media tablet market in the first quarter of 2012. The devices major has nearly 65 percent of worldwide units. Apple's cumulative shipments in its first eight quarters of availability are 67 million.

Japan and India: Asia’s Odd Couple


Rajasthan Industrial Development and Investment Corporation's Neemrana Industrial area where a Japanese zone has come up in Alwar district, Rajasthan.

“If Japan and India come together, I’m sure it will strengthen their democratic values and human values.” – Gujarat’s chief minister, Narendra Modi, during a visit to Tokyo this week.

Violence at Maruti Suzuki’s plant in Manesar, which is run by the Japanese automaker, has cast a shadow over Suzuki’s Indian operations in recent days. But as Narendra Modi’s visit to Tokyo highlights, the relationship between India and Japan continues to gain traction.
On the face of it, India and Japan make for strange bedfellows. One is neat, efficient and organized; the other is not. One values precision and orderliness; the other considers jugaad  – the overcoming of scarcity through improvisation — to be a point of pride.
In almost every way, Japanese and Indian mores clash. But the clash is what makes the relationship work, some say. In fact, to use a classic Asian aphorism, Japan could well be considered the yin to India’s yang.
There have been a number of high-echelon visits from one to the other in the past 12 months, and economic ties are on the rise. The increasing presence of Japanese expats in New Delhi and Gurgaon is underscored by the rise in resources tailored exclusively for them: for example, Gurgaon’s Best Western Skycity Hotel, which has a number of Japanese speakers on staff, last year opened a karaoke lounge and restaurant, plainly targeting the area’s Japanese residents.
“The tempo of high-level visits has risen dramatically,” said Rory Medcalf, director of the International Security Program at the Lowy Institute, an Australian foreign-policy think tank. “Economic ties are growing, with a trade agreement and with Japanese investment and aid increasingly pivoting from China to India,” he said.
As the two countries mark 60 years of diplomatic relations this year, the relationship between India and Japan may emerge as one of the major Asian alliances of the coming decades, supporters say.
The fundamental reasons for the growing relationship are rooted in demographics and industrial expertise. Japan has an aging population; India’s is overwhelmingly youthful. Japan has technology and infrastructure know-how, both of which India sorely needs. India has natural resources and a desirable geographic location. It is closer to European and Middle Eastern markets for Japanese goods, meaning shipping times – and costs – could be cut in half.
Trade between India and Japan is expected to double in the coming years. In 2011, bilateral trade was worth a relatively modest $17.8 billion; it is targeted to grow to $25 billion by 2014. This expectation is powered by the signing last August of a free trade agreement, known as the Comprehensive Economic Partnership Agreement, which eliminates tariffs on most goods traded between the two countries. Foreign direct investment from Japan to India between April of 2000 and April of 2012 was $12.3 billion - putting Japan in fourth place after Mauritius, Singapore (both countries foreign investment figures are unnaturally inflated by tax treaties) and Britain.
Japanese companies are interested in India because of a saturated home market, explained Yoichi Kondo of the Japanese External Trade Organization. “Here in India, consumer demand is much more than supply,” he said. “Japanese products sell well here, and in particular the Japanese automobile sector is selling well and  has a strong presence.”
The Maruti Suzuki partnership dates back to 1981, but there are about 800 Japanese companies operating in India today. Traditionally, Japanese entrants concentrated on auto manufacturing, but now a wider net is being cast into other industries, such as energy, pharmaceuticals and construction. Other big names include Hitachi, Panasonic and Mitsubishi Electric.
“The relationship has gone on for quite a long time now, it’s just been under the radar,” said Punit Majithia, who runs New Delhi-based NRM International, which helps Japanese companies set up and settle in India.
A 30-year-old fluent Japanese speaker, Mr. Majithia moved to India from London in 2008. “I kept bumping into Japanese people at airports around India and wondered what they were doing here,” he explained.  His operation has expanded from his dining table to a19-person team.
“For Japan to keep progressing and retain its position as one of the foremost economies of the world, it needs to align itself with a country that can help it best,” he said.
The state government of Rajasthan recognized the growing relationship early on, and in 2006 dedicated 1,100 acres on the highway linking Jaipur and Delhi for what it calls Japan City.  The area is a miniature special economic zone, offering tax breaks and electricity links; it houses manufacturing companies including Daikin, Nippon Steel and Nissin Brake. A residential hub is being built nearby for employees and their families, with plans for a number of apartment complexes, shopping malls and hotels.
A longstanding part of the economic relationship is the Delhi to Mumbai Industrial Corridor, an expansive project aimed at linking India’s political and financial capitals with modern highways, railways, special economic zones and freshly-built intermediate cities. (The Jaipur-to-Delhi highway where Japan City can be found is a key part of the project.) Japan has pledged $4.5 billion towards what could be a total bill of $90 billion, most of which authorities hope will come from public-private partnerships.
Phase one of the corridor includes plans for seven new cities to be constructed in six states – Uttar Pradesh, Madhya Pradesh, Haryana, Gujarat, Rajasthan and Maharashtra – along with a high-speed train that would dramatically reduce transit times to ports for goods manufactured in the north.
“This is a big opportunity to work in partnership with Japan,” said Amitabh Kant, the corridor project’s chief executive. “In fact, there are a lot of lessons to be learned from the kind of corridor development Japan did in Tokyo, Osaka and Nagoya.”
It’s an ambitious project, and one that has been beset by serious delays, caused in part by land acquisition difficulties. But authorities continue to be optimistic, saying this level of development is needed to address India’s future needs, as urbanization takes hold in the coming decades. “India will build more infrastructure in the next three to four decades than it has in the past 5,000 years,” said Mr. Kant.

In a first India made bikes to hit Japan roads; Yamaha to export bikes from Surajpur plant

 John Abraham poses with Yamaha SZ-X
Twenty-seven years after setting up a manufacturing base in India, Yamaha Motor Company will export sports bikes to Japan from India, in what is a first in the history of Indian two-wheeler industry.

ET learns India Yamaha Motor, the subsidiary of the Japanese two-wheeler company, will be exporting its first shipment of 300 deluxe motorcycles R15, a 150cc sports bike manufactured at its plant in Surajpur. The idea is to test the product in Japan; if the response is good, the company may even begin exports of another motorcycle, FZ, to its home market.

Confirming the development, Hiroyaki Suzuki MD, India Yamaha Motor, told ET: "The motorcycles manufactured in India meet the advanced specification of developed markets and they are produced at a lower cost. We are sending R15 to Japan to test market them in the Japanese market and if the response is good, we may explore more products for export to Japan and other advanced markets."

""Japan is a market for big bikes and racing motorcycles and within that, the 150 cc segment is emerging. Our R15 fits the image; not only is it easy to race and manoeuvre, but it could also be an ideal choice for entry-level racing,"" added Suzuki.



About 4,00,000 units of two-wheelers are sold in Japan annually, with the market being dominated by 50 cc scooters and the balance making up for big bikes. R15 commands a price tag of 1.15 lakh on Indian roads, but in Japan, it will sell at ¥3.42 lakh, or 2.45 lakh.

"If the response is good, our next target would be Europe," says Suzuki. The company has already started exploring markets of Turkey, Spain, and Portugal to export R15 and FZ in 2013.

Two-wheeler exports from India are nothing new, Bajaj Auto and TVS Motor ships products to Africa, Latin America and the Asean countries. However, Yamaha is one of the select few to reach out to developed markets from India, the others being Eicher Motors, Royal Enfield.

In 2011-12, two-wheeler exports from the country grew 27.13% at 1.94 million units compared with 1.53 million units in 2010-11. Bajaj Auto was the largest exporter with 1.26 million units, followed by TVS Motor (2.6 lakh units). India Yamaha Motors was the fourth largest with shipment of 1,29,394 units, a growth of 45%.

Venki Padmanabhan, CEO, Royal Enfield feels having a product designed for the developed market specifications may very well put the company in a strong position in the Indian market. But these are cult bikes, that are owned by bike connoisseurs and few in numbers.

Nikkei enters into India to set up aluminium alloy plant



Japan's Nikkei MC Aluminium (NMA) today made an entry into India's Rs 7,500 crore aluminium alloy market in a joint venture with domestic major Century Metal Recycling (CMR).
"We will form a joint venture for setting up a plant for manufacturing aluminium alloy, used in automotive sector, at Bawal in Haryana with Rs 50 crore investment," NMA's President Shuzou Hammamura said.

 
A 55:45 joint venture between Nippon Light Metal Co and Mitsubishi Corporation, NMA is the second largest aluminium alloy maker of Japan. It had clocked $600 million turnover last year. NMA has eight plants including three outside Japan with a total capacity of 2.4 lakh tonnes a year.

Aluminium alloys, made adding zinc, silicon and manganese among others with the mother metal, is being increasingly used in the automotive space to reduce car body weight and increase fuel efficiency.

Hammamura said work on the proposed Haryana plant would start soon. It would go on stream by the end of the current year. The facility, with 42,000 tonnes a year capacity, would cater to the automobile companies in the vicinity.

Bawal is in the neighbourhood of the Manesar-Gurgaon belt which has a large concentration of automotive firms, including Maruti and Honda.

Asked about the future plan of the joint venture, he said nothing has been decided yet, but it might look at putting up plants in other parts of India. CMR will hold 74% in the joint venture and the rest will be with Nikkei, he added.

CMR, which claims to be the No. 1 firm in India in the aluminium alloy making space, has four plants and had clocked Rs 1,000 crore revenue last year.

The NMA and CMR joint venture would import aluminium scrap from overseas to use as raw material for making alloys.

CMR Chairman G S Agarwala said every year India consumes around five lakh tonnes of aluminium alloy, valued at Rs 7,500 crore, and the market has been growing by 15-20% each year.

Wednesday 25 July 2012

Yamaha goes for bottom of the pyramid



Yamaha India, a subsidiary of Yamaha Motor Cop of Japan, on Monday became the latest to join the race for market share in the volume segment, or the commuter segment, announcing it will roll out gearless scooters and commuter bikes starting this year.
The company will launch a range of scooters, starting with ‘Ray’, which will hit the market later this calendar, said Hiroyuki Suzuki, CEO and managing director for India Yamaha Motor Pvt Ltd.
“The scooter market has grown over 20% last year and by 2013, it is expected to grow over 30%. Globally, scooter segment is strong for YMC. We want to get deeper into the low-cost segments and scooters will help us in understanding the same,” he said.
Commuter bikes, or bikes in the 100cc category, will follow by 2016, said Suzuki. According to him, the new products could even replace existing ones such as YBR 110 and Crux, which have failed to rake in the numbers.
To be sure, the commuter segment constitutes about half of overall motorcycle sales in the country. Sales are booming as inflation pushes commuters towards fuel-efficient and affordable bikes.
Yamaha’s entry heats up competition for the current leaders in this segment --- Hero MotoCorp and Bajaj Auto.
As such, Honda Motorcycles and Scooters India and Suzuki Motorcycle India have recently entered the segment with their Dream Yuga and Hayate offerings, respectively, while Mahindra 2 Wheelers is set to ride in on a refurbished Stallio, which it had pulled out a year-and-a-half ago.
Going that extra mile, Yamaha is also setting up a research and development centre in India that will work on development of future low-cost products for the country.
Ray, incidentally, has been developed by parent Yamaha Motor only for the Indian market.
The company is also ramping up capacity at its Surajpur (Uttar Pradesh) and Faridabad (Haryana) plants, to take the total to 10 lakh units a year from 6 lakh units now.
It is also investing Rs1,500 crore on its new facility in Tamil Nadu, which will have a capacity of 18 lakh units by 2018.
But of course, it won’t be an all-commuter fare for Yamaha.
To maintain its hold on the sportier bike segment, the company is also studying a possibility of a bike above 250cc category, though no timeframe has yet been given for the launch.
Yamaha currently has a market share of 15-16% in the 150cc and above category of bikes.
Incidentally, the company is also looking to export its products from the Chennai facility, due mainly to its proximity to ports.
“Chennai is a lucrative location for low-cost operations. By 2018, our target is to export 30% of our overall sales. Currently, we are exporting R1 to advanced nations like America and Crux is exported to Africa,” said Suzuki.
According to him, the company expects to sell more than 4 lakh units this year, though for the Indian operations to break even, it will have to sell 5-6 lakh units a year.

Modi invites Japan to the rising land of sun power

Chief Minister Narendra Modi has invited Japan's companies to invest in the 'Go Green project', under which the state is planning to generate 5,000 megawatt solar power by installing solar panels on the Narmada Canal.

Elaborating on various projects, Modi said: "Gujarat is also setting up Asia's biggest desalination plant in Dholera to recycle seawater for industrial use according to the state's new desalination policy." He said that the state would harness wind and solar power. "Panels are being installed on structures atop the 4,000km long Narmada canal network," he said. "The state is preparing hazard-free shipbuilding and ship-breaking infrastructure, a gas grid, and broadband connectivity as part of NextGen development."

Modi said that the forthcoming global investors' summit in Gujarat would help boost industrial, commercial, and economic relations between Japan and India.

"Japan has numerous qualities and one thing which I know and I want to mention is that people of Japan assess and dissect various issues before taking any decision," Modi says in an official release. "They evaluate the repercussions of their decision after five or ten years. They take a step only after being fully convinced."

On day two of his visit to Japan, Modi met top executives, including those from Bank of Tokyo, Mitsubishi, and Hitachi. He expressed confidence that Japan, with its experience and technology, and Gujarat with its entrepreneurial skills and talented manpower could play a decisive role in making India and Japan powerful economies of the 21st century.

Modi reiterated that Gujarat's advantages were political stability, industrial peace in labour relations, policy-driven reforms, uninterrupted power supply, consistent and fast implementation of policies, and transparency in governance.

Deputy Prime Minister of Japan Katsuya Okada invited the Modi to the prime minister's office. The duo discussed ways to expand ties between Gujarat and Japan.

Modi said that India and Japan not only share business relationships but also Buddhist influences.