Press Releases

  • Nikkei Inc. and TERI strengthen India - Japan alliance through the first Global Eco- Business Forum in India

    5 September 2009

    As the world gears up for Copenhagen, efforts are being made by the developed nations to share their technical expertise with the developing nations. Nikkei Inc. Japan and TERI organised the first 'Global Eco-Business Forum' in India to enhance India- Japan collaboration. The forum discussed ways to collaborate so as to reduce carbon emissions by using environment and energy technologies.

    Present on the occasion were Mr Kohei Osada, Senior Managing Director, Nikkei Inc., Mr Hideaki Domichi, Ambassador of Japan to India, Dr Rajendra Pachauri, Chair, IPCC and Director General, TERI among other government and corporate representatives from India and Japan.

    A large number of experts in the field of energy efficient technologies from Japan and India interacted during the one- day event. The forum brought together the thought leaders and industrialists from both countries to strengthen this partnership.

    Mr. Kohei Osada, Senior Managing Director, Nikkei Inc., said, "This forum is designed to shed light on Japan’s advanced technologies for environment and energy conservation as also for building partnerships to deploy these technologies for overcoming the environmental challenges before mankind."

    While delivering the keynote address, Dr Rajendra Pachauri, Chair, IPCC and Director General, TERI, said, "I can't think of a more relevant partnership to look at eco- friendly technologies that will create a revolution in the world. Japan has been successful in developing resource efficient technologies. There is certainly a business rationale for India and Japan to work together especially after the launch of NAPCC in India. The partnership will prosper due to the existing complementarities between the two nations- India can provide skilled labour at affordable cost and a huge market for these technologies. We should be working towards creating energy efficient technologies to combat climate change. There are enormous opportunities for the governments and corporates of both the nations in this sector. These technologies are going to define the commercial success."

    The seminar is one in a series of eco-business forums being held in four cities of the world including one held in July, 2009 in Tokyo. Other cities where the forum will be held include Shanghai and Washington DC.

    The participating Japanese organizations include Heat Pump & Thermal Storage Technology Center of Japan (HPTCJ), Japanese Business Alliance for Smart Energy Worldwide (JASE-World) and Mitsubishi Corporation.

    Dr Akira Yabe, Vice President, National Institute of Advanced Industrial Science and Technology speaking on the occasion said that Japan has world’s leading technology in the field of heat pumps used in the industrial sector.

    The heat pump is a device to move heat from a low-temperature location to a higher-temperature location by repeatedly compressing and boiling a refrigerant. The device generates far more heat than the electricity it consumes. The heat powered air conditioner developed recently can generate six times as much heat as electricity used. This means the device can warm a room by creating 1kw of heat by using merely 167 watts of electricity.

    According to the Japanese Business Alliance for Smart Energy Worldwide (JASE), developing energy efficient technologies is a matter of going beyond issues of profit and loss. Therefore, developing a joint government - industry infrastructure is helpful. We should develop energy conservation technologies and products that run on sound business principles in the global market. JASE has ambitious plans for working with JETRO and other organizations for India Japan Collaboration in the field of environment and energy.

    Mr Yoshio Amano, General Manager, Strategic Planning Office, New Energy Development Division, Mitsubishi Corporation highlighted some examples of utilizing new energies such as solar power, thermal power and biofuels. He explained the role of Mitsubishi Corporation in researching and presenting new energy efficient technologies in India.

    Sun and Sands Advisors, an advisory company based in Tokyo brings this Nikkei organized event to India in association with TERI and Mitsubishi Estate. The company seeks to facilitate strategic partnerships and business alliances between India and Japan.

    Mr Sanjeev Sinha, President, Sun and Sands Advisors, said, "India's per capita energy consumption is yet less than one tenth of the developed countries. As it grows, Indo-Japan collaborations in this field would assume significance as Japan has some of the best energy efficient technologies in the world."