Hydeabad: Japanese power equipment companies and lenders are keen to work with Indian companies in all spheres of the power sector, according to a senior official from the Japanese Ministry of Economy.
Mr. Tsuneyuki "Hiro" Ito, Deputy Director in Ministry of Economy, Trade and Industry, Japan, said that there is considerable technological and engineering capability that the Japanese companies such as Toshiba, Hitachi and Mitsubishi can offer to Indian companies in the power sector.
Mr. Ito, who was in Hyderabad to speak at the power plant summit, told Business Line that lenders such as Japan International Cooperation Agency and several Japanese banks are keen to take part in some of the power projects being taken up and under implementation directly or through companies.
Already some of the Japanese companies have partnered with Indian companies such as construction major L&T and JSW for power plant equipment and they have managed to bag local orders in the areas of supercritical technology products.
"This engagement will only get stronger as some of the Japanese companies are keen to work in the entire chain of power right from equipment supplies, maintenance, and also refurbishing old plants an upgrading them," he said.
Refraining to comment on quantum of investments or the orders some of these companies are currently working on, he said that the engagement is getting stronger and given the market potential this could help engage more such Japanese companies.
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