Japan to step up Indo-Japanese digital partnership in 10 companies with $1 million
The collaborations are in areas ranging from health and transport to agriculture and equipment
The Japanese government is set to give a financial grant of $1 million to 10 of its companies, including Suzuki Motor Corp, for investing in innovative solutions with Indian IT firms.
An official told Hindu BusinessLine that the grant is part of Japan’s COVID-19 economic recovery measure. He said the collaborations are in areas ranging from health and transport to agriculture and equipment.
The report pointed out that the collaborations are aimed at enhancing the welfare of the common people and serve the social agenda. “Right now it is too early to disclose the names of the companies involved but the project plans are all ready which was a necessary condition to apply to this subsidy scheme,” the official was quoted saying.
Moreover, the projects that have been short-listed for financial assistance use technology to solve daily problems being faced by people. According to BusinessLine, three collaborations are in the area of health and one is for the development of an online ‘Doctor to Doctor’ communication platform. It highlighted that a medical equipment will be developed to detect digestive system disorder at lower cost by utilising cloud and artificial intelligence systems.
Then, there is an Indian textile company and a Japanese IoT company, whose collaboration will develop a wearable device and an app to enhance a remote health monitoring solution to hospitals taking care of COVID-19 patients, the report said.