It is for the first time that a model manufactured by Suzuki Motorcycle India Pvt Ltd (SMIPL) is being exported to Japan where its parent company Suzuki Motor Corporation (SMC) is based.
Appaji said the country exports its one-third pharma products to US alone. "But we are looking at more opportunities in Japan and Latin American markets," he said.
As part of the planned collaboration, before the end of 2018, Honda will begin supplying 50 cc scooter models to Yamaha as an OEM that are developed based on its TACT and Giorno 50 cc scooter models which are currently sold in Japan.
USD is in pole position, standing strong against most currencies, says Paul Mackel of HSBC.
Fujifilm Holdings said on Thursday that it is close to reaching an agreement to form a joint venture with Dr Reddy's Laboratories of India to develop generic drugs for the Japanese market.
Marine exports declined by 4.5 % year-on-year in May to USD 146 million, on account of less demand from its main markets like Europe and Japan.
Paul Schulte of CCBI says the recent news that the Bank of Japan will aid in the economic redevelopment by pumping in USD 200 billion, will show that the fiscal, monetary and tax implications here are enormous and will tremendously stimulate the Japanese economy.