My 2nd and 3rd day in New Delhi was mainly visiting Honda and local business leaders. First visit was Honda (Honda Siel Cars India). I met with President & CEO Mr. Takedagawa and Vice President & President of the Manufacturing Facility, Mr. Matsuzaki. Mr. Takedagawa shared his experience about the tough times, the current business situation and future plans. Mr. Matsuzaki established a manufacturing facility in America in 1982 and stayed in the U.S. for about 15 years. After America, he worked in various parts of Asia and set up this manufacturing facility in India. The facility was very clean and the employees were very polite. This must have been a painstaking effort.
Photo1 My visit to Honda Siel Cars
Photo2 In front of their entrance
After Honda, I visited the local office of Dentsu Inc. and the New Delhi campus of ITT. In the evening, we had dinner at the Japanese Embassy with Ambassador Domichi, Dr. Sunami of the National Graduate Institute for Policy Studies and First Secretary, Mr. Seto. Ambassador Domichi was assigned this post from the Japanese Embassy of Iran and Mr. Seto is the person who helped organize the SCA (Science Council of Asia) 2 years ago in India.
Photo3 At the New Delhi campus of IIT
Photo4 At the Japanese Embassy from left: Dr. Sunami, Ambassador Domichi, myself and First Secretary Mr. Seto
The following day I visited the local office of Mitsui & Co, Ltd, Mr. Munjal of the Hero Group, Mr. V. Krishnamurthy, Chairman of National Manufacturing Competitiveness Council and one of the leaders of Indian business (Photo5), and the Confederation of Indian Industry (an organization similar to the Japan Business Federation?!). The main topic was about business. India is especially keen to have technological alliance with Japanese companies, but the Japanese way of business is slow and they insist on getting the majority share. No wonder the Koreans and Chinese outdo us. I also heard that the European and American businesses are becoming more active in the Indian market.
Photo5 With Dr. Sunami and Mr. Krishnamurthy
During the meeting with Mr. Munjal at the Hero Group, I was told that the JV negotiation with Daimler has been launched and that he just received a letter from the French President Mr. Sakrozy yesterday. In the past two years, I have met the Indian Prime Minister, Minister of Finance, Minister of Commerce and Industry, Minister of Technology and Science, they are all unique and intelligent in their field of business and science technology. Of course there maybe some “challenges” special to India, but that doesn’t necessarily mean that we have to let it go. There are various ways to do business relevant to the local business tradition and strength. In that respect, Mr. Suzuki, Chairman & CEO of Suzuki Motor Corporation is admirable as a business leader. Suzuki has become somewhat a local brand. You have to be the first comer and work up a sweat to get the fruit. Understanding local customs and incentives to the local staff may also be important. All my best wishes for the people involved in business in India! I hope that our economy flourishes together with growth of India and Asia. I remind you all that Japan is the only OECD member country that has not grown their GDP in the past decade…Wonder why?