Investing in Japan
Investment News
Feb. 27, 2008
Indian Automobile Maker Hindustan Motors Opens Japan Branch in Nagoya
Hindustan Motors
(HML), the flagship enterprise of major Indian conglomerate C.K. Birla Group, announced the establishment of its Japan branch in Nagoya, with plans to begin operations this March. While the firm's core business in India is production of passenger/commercial automobiles and auto parts, its Japan venture will focus mainly on providing outsourcing engineering services for development and design utilizing CAD/CAM in such fields as automobiles, construction and heavy engineering.
Clients will be able to engage services on-site or remotely, a more cost-saving alternative. HML intends to have a pool of some 400 engineers by 2010, 100 of which dispatched to Japanese clients.
Sudhir Kumar Singh, the firm's Chief Operating Officer, explained that, "While Japanese companies have done little outsourcing up to this point, cases have been increasing rapidly," adding, "We decided now was the right time to enter the Japan market."
In setting up its Japan branch, HML made use of JETRO's Invest Japan Business Support Center (IBSC) in Nagoya, utilizing free temporary office space and consultations with expert advisors on a range of business matters.
