Japan auto parts maker exploring joint venture in India – Feedback

The Japan Automatic Machine (JAM) company, which has been selling its auto components in India, said on Sunday that it is currently in talks to set up a joint venture project in the country.

“We are now looking for a major joint venture project and have already initiated the process of discussions for this purpose,” JAM chief executive Masafumi Mizuno told reporters here at the components part of the ongoing Auto Expo. “We are doing a business of around $150 billion world-wide…the markets are growing at a very rapid speed and logistically it is not possible to support that demand from overseas,” he said.

http://economictimes.indiatimes.com/industry/auto/news/auto-components/japan-auto-parts-maker-exploring-joint-venture-in-india/articleshow/50889971.cms

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