Japanese tech cos eyeing India for investment: IESA

New Delhi: Japanese electronics companies, both existing and new, are firming up investment plans for India in electronics manufacturing, the India Electronics and Semiconductors Association (IESA) said on Wednesday.

"There are over a dozen Japanese leading electronics companies that have shown interest in investing in Indian electronics manufacturing space," IESA president M N Vidyashankar told PTI.

Last month, an IESA team visited Japan and signed a memorandum of understanding (MoU) with the Asia Semiconductor Trading Support Association for collaboration in the electronic system design and manufacturing segment.

"Japanese firms that do not have presence in India have shown interest in starting business through joint ventures. Even companies like Panasonic, Toyota that have presence have shown willingness to expand business here," Vidyashankar said.

Among new companies, SAMCO, PMT Corporation and 3D Labs are seen to be keen on investing in India.

"These all companies will visit India and explore partnership opportunity at IESA vision summit in February," Vidyashankar said.