Japanese companies looking for JVs in construction equipment

Japanese companies looking for JVs in construction equipment

Presently, JETRO has managed to bring 13 mid-size construction equipment manufacturers from Japan to showcase their products and technologies at Excon 2011, an international exhibition on construction equipment at the Bangalore International Exhibition Centre (BIEC).

Speaking to Deccan Herald, JETRO Chief Director General Masaka Ida said, “Japanese companies are well-known for their technology and we have 13 companies from Japan participating for the first time at Excon. At least three of them are actively looking at opportunities to enter into joint venture with Indian construction equipment makers and make use of the growing potential for equipment sales here in India.”

He said companies from Japan such as Toyota Kohki Co Ltd, Ueda Industries Co Ltd and Chikusui Canycom Inc are in talks with several Indian companies for forging joint venture partnerships. To begin with, these companies want to first export their machines and then go for joint venture partnerships with Indian companies, he said.

“We have invited 36 Indian companies including Ashok Leyland John Deere, L&T, Escorts Construction and JCB among others to discuss the possibility of forming JV in India,” Ida said. He said there is a huge demand for Japanese construction equipment in the Indian market for applications in coal and iron ore mining, road construction and large-scale infrastructure projects.

For the year 2010, the companies from Japan exported equipment worth Rs 1,200 crore to their Indian customers.