JITMAP aims to connect Japanese manufacturers of low carbon technologies (LCTs) with Indian industries that are seeking ways to reduce their carbon footprints
Japanese companies are globally renowned for their clean energy products and solutions, i.e., low carbon technologies (LCTs). India offers a huge potential market for Japanese LCTs, as Indian industries and commercial enterprises are striving to find ways to improve their profitability by reducing energy costs. Yet this market for LCTs remains largely untapped, because the players in both Japan and India often lack the required information, knowledge and expertise to bring the technology transfer process to a satisfactory completion.
Frequently asked questions by Japanese technology suppliers:
- How and where will I find my potential clientele in India?
- What are their precise technological requirements, and how much adaptation will be required on my LCT, and at what cost, in order to meet those requirements?
- Are my Indian clientele numerous enough to make it worthwhile adapting and selling my LCT products to them?
- What are the prospects for expansion in India, immediate and long-term?
- How will I ensure long-term monitoring and technical support services of my installed LCT product to ensure adherence to strict quality, operational and performance standards?
- Who will provide financial support for this technology export to India?
- What, if any, are the policies and schemes I can avail of to make our transaction smooth?
JITMAP adopts a technology ‘matchmaking’ process, through which it matches the technology needs of Indian users with the Japanese technologies that best meet these needs. This process involves rigorous market research, which presents attractive opportunities for organizations in Japan at every level—academia, banks and financial institutions, technology consultants, chambers of commerce and industry, policy-making bodies, R & D institutes, etc.—to provide inputs to the market researches, as well as to engage as active participants in the technology transfer processes.