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Key Points

Bengaluru and Nagoya have signed a Joint Declaration of Intent to enhance economic collaboration. The agreement focuses on industrial trends, business expansion, and human resource exchange. Officials from both cities expressed optimism about increased Japanese investment in Bengaluru. The event was attended by key dignitaries, signaling strong bilateral commitment.

Key Points: Bengaluru and Nagoya Sign Pact to Boost Economic Exchange

  • Bengaluru and Nagoya sign Joint Declaration of Intent to strengthen economic ties
  • Focus on industrial trends sharing and business expansion opportunities
  • Human resource exchange via universities and institutions emphasized
  • Officials highlight potential for Japanese investment in Bengaluru
2 min read

Joint declaration signed between Bengaluru and Nagoya, Japan to promote economic exchange

Bengaluru and Nagoya formalize economic ties through a Joint Declaration of Intent, focusing on business, HR exchange, and industrial collaboration.

"This declaration will serve as a significant boost to business growth and attract more Japanese investment to Bengaluru. - Maheshwar Rao, BBMP Chief Commissioner"

Bengaluru, August 11

In a step toward enhancing economic cooperation, Mayor of Nagoya City, Ichiro Hirosawa, and the administrator of Bruhat Bengaluru Mahanagara Palike (BBMP), Tushar Giri Nath, signed a Joint Declaration of Intent (JDI) to promote economic exchange between the City of Nagoya, Japan, and Bengaluru, Karnataka on Monday, said a press release.

This Joint Declaration of Intent was formally signed in Vikas Soudha, with the goal of promoting sister-city relations between Nagoya and Bengaluru.

With the shared vision of fostering deeper economic ties, the declaration outlines the areas of cooperation, such as information sharing, under which both cities will exchange information on their respective industrial trends to promote economic engagement. This information will be made accessible to business enterprises and relevant stakeholders.

Business Promotion: Both cities will encourage entrepreneurs and business entities to explore business expansion opportunities, particularly in sectors where each city holds strategic industrial strengths.

Human Resource Exchange: To further enhance the economic development of both regions, the cities will encourage human resource exchange through cooperation between universities and other relevant institutions in their respective areas.

Speaking on the occasion, Administrator of BBMP, Tushar Giri Nath, stated that Nagoya is a beautiful city, and he hopes that more companies from Nagoya will establish a presence in Bengaluru.

Chief Commissioner BBMP, Maheshwar Rao, emphasised that the signing of the Joint Declaration of Intent with Nagoya City will serve as a significant boost to business growth and will pave the way for more Japanese companies to invest in Bengaluru.

Mayor of Nagoya, Ichiro Hirosawa, expressed his delight, noting that Bengaluru already hosts many enterprises, and the Joint Declaration of Intent with BBMP marks a positive step toward promoting economic exchange between the two cities.

The event was attended by Special Commissioners Harish Kumar K., Karigowda, Preeti Gehlot, representatives from the City of Nagoya, representatives from BCIC, and other dignitaries and officials.

- ANI

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Reader Comments

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Priya S
While this sounds promising, I hope BBMP will first fix Bengaluru's infrastructure problems. Our roads and drainage systems need urgent attention before we invite more companies here.
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Aman W
Japanese work ethic and technology can really benefit our startups. The human resource exchange program is particularly interesting - our students could learn so much from Japanese institutions!
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Sarah B
As an expat working in Bengaluru, I've seen how international collaborations boost local economies. This could be great for both cities if implemented properly. Fingers crossed!
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Karthik V
Nagoya is Japan's manufacturing hub while Bengaluru is our IT hub. Perfect match! Hope this leads to more Japanese companies setting up R&D centers here. 🇮🇳🤝🇯🇵
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Nisha Z
Good move, but will this benefit local small businesses too or just the big corporates? The declaration should ensure MSMEs also get opportunities from this partnership.

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