Chennai: After a wave of large Japanese automotive companies, a bunch of small auto component makers from the country are set to make their way into Tamil Nadu.
A delegation of Japanese auto component companies is in Tamil Nadu to explore investment opportunities and scout for partnerships with Indian auto component makers.
The delegation, consisting Medium and Small Enterprises (MSMEs), include 46 companies from the auto component sector and five from other sectors like rubber.
Tamil Nadu houses over 300 Japanese companies and these Tier-1 companies would need support from Tier-2 component makers and other MSME suppliers, so the delegation of MSME companies is here to explore opportunities.
"The objective is to promote networking amongst existing companies and new companies that are proposing to set up shop in Tamil Nadu. There are here to get a better understanding regarding the investment ecosystem in the state," said Souichi Yoshimura, executive vice-president, Japan External Trade Organisation (JETRO).
"MSMEs might not be able to manage investment and might need support from Indian companies, so they might need partnerships with Indian companies," he said.
JETRO will be providing support to the members of the delegation by collating information required by the MSMEs, he said. The MSMEs, for instance, would require information on procurement procedures of the larger companies based on which they could decide their working here, he said.
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