Newspatrolling.com News cum Content Syndication Portal Online
Aimed to enhance business linkages, the first Joint Coordinating Committee for the technical cooperation of the Project of Sustainable Global Business Breakthrough Ecosystem (SGBBE) held to discuss the project framework and goals for the upcoming months
New Delhi, September 22, 2023: The first Joint Coordinating Committee for the effective implementation of the technical cooperation of the Project of Sustainable Global Business Breakthrough Ecosystem (SGBBE) was held on 21 September, 2023. Chaired by Ms. Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), it saw participation from representatives of the Government of India, Japan International Cooperation Agency (JICA) India, Embassy of Japan as well as from industries – Confederation of Indian Industry (CII), and academia such as IIT Madras, IIT Kanpur and IIM Calcutta to enable an inclusive and productive discussion. The participants shared the next steps for the upcoming months and required inputs for expected achievements; development of capacity of Indian counterparts for implementing collaborative programs, creation of multiple sub-programs relate to business matching, startup support as well as Industry 4.0, and achievements of tangible results in investment promotion and startup development through the project.
A technical cooperation project, the SGBBE aims expansion of the collaboration in terms of business opportunities in industries and academia between India and Japan with establishing the system of the institutional business cooperation and gaining capability of sustainable management independently. Under the SGBBE, JICA provides support activities 1) to promote collaboration between Indian and Japanese industries through Industry 4.0, business matching and startup, 2) to promote support for Indian Higher Education Institutions (HEI) related to innovative education including entrepreneurship and startup in collaboration, and 3) to enhance the managerial capacity of support services related to businesses between India and Japan, jointly with DPIIT, Ministry of Education, CII, IIT Madras, IIT Kanpur and IIM Calcutta etc. as well as various Japanese governmental, industrial and academic institutions.
The project is expected to establish business breakthrough ecosystem for societal-manufacturing with Industrial 4.0 and startups leveraging past assets of India-Japan industrial and human resources cooperation. The Project is also aligned with the achievement of Sustainable Development Goals 8 (Decent Work and Economic Growth) and 9 (Industry, Innovation, and Infrastructure).
Speaking on the occasion, Mr. SAITO Mitsunori, Chief Representative, JICA India Office said, “JICA has engaged in various activities to contribute to enhance manufacturing competitiveness of India including 2 technical cooperation projects that trained more than 1300 Indian visionary leaders. The SGBBE is launched to create substantial business between Japan and India focusing on Industry 4.0, Startup and ecosystem for business interactions to interconnect the needs and seeds of business of both Japan and India. It also stands firmly in line with the vision of Honourable Prime Ministers of Japan and India to achieve a target of 5 trillion yen of investment and financing from Japan to India.”
The Record of Discussions for the technical cooperation Project of Sustainable Global Business Breakthrough Ecosystem (SGBBE), was signed in December 2022 by the Government of the Republic of India with the Japan International Cooperation Agency (JICA) and the Project commenced on 18th August. This project will be conducted as one of the initiatives under the India-Japan Industrial Competitiveness Partnership (IJICP), which was agreed upon by the Governments of Japan and India—Ministry of Economy, Trade, and Industry (Japan) and Ministry of Commerce and Industry (India)—in December 2019.
JICA’s contributions to strengthening business ecosystem between India and Japan including manufacturing and startups through various partnerships and interventions are part of its commitment to help the nation achieve its development goals.
