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Japanese public-private fund to support Indian start-ups

  • June 28, 2019
  • , Asahi , p. 4
  • JMH Translation

Nippon Life Insurance Company, the Development Bank of Japan, Suzuki Motor Corporation, and other Japanese companies will set up a 15 billion yen fund to support Indian start-ups. Prime Minister Shinzo Abe announced the launch of the fund during his meeting with Indian Prime Minister Narendra Modi at an Osaka hotel on June 27.

 

The fund is to be operated by a subsidiary created by Nippon Life Insurance and Indian conglomerate companies. The aim is to promote partnerships between 100 Indian companies that are strong in IT and artificial intelligence (AI) and Japanese companies good at manufacturing.

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