Sojitz Corporation is opening an office in Bengaluru by April 2019 to partner with start-ups and create new businesses geared towards Indian and overseas markets.
Sojitsu aspires to enter unexplored business areas as well to create new value.It will use its wide range of network and broad knowledge base to take up its activities in India.
Consul-General of Japan in Bengaluru Takayuki Kitagawa has welcomed this new Indo-Japan collaboration and he stated, “This is the first successful case ever since the Ministry of Economy along with JETRO started the Indo-Japan Start-up Hub May a year ago in Bengaluru.”
Kitagawa said, “Sojitsu, one of the major trading companies in Japan, has now invested in Bengaluru exclusively for the purpose of start-up initiatives. This trend will accelerate other Japanese investors to invest in Bengaluru. This will further be facilitated by the new direct flight from Tokyo to Bengaluru that has been announced recently.”
The business set-up is now ready to take-off. Even though Japan has been a late comer, we are now catching up fast, he added.