“Memorandum for Business Opportunity Creation in Japan and India” signed with Larsen & Toubro Ltd.

The Japan Research Institute, Limited (President and CEO: Yasuyuki Kimoto; Headquarters: Chiyoda-ku, Tokyo; “JRI”) and Larsen & Toubro Limited (“L&T”) which is the major Indian construction and engineering conglomerate, on July 18, 2011, at Vadodara, Gujarat, India, signed a “Memorandum for Business Opportunity Creation in Japan and India”.

JRI’s Research & Consulting Division and “L&T Integrated Engineering Services” (“L&T IES”), a bussiness unit of L&T, will exchange and put out information, and jointly propose new projects for creating business opportunities in the fields of urban development, construction and engineering sectors in India and Japan. We will also jointly create construction and engineering projects that both companies and other Japanese companies can participate through these kinds of activities.

L&T IES is an engineering-related strategic business unit of L&T. L&T IES will collaborate with JRI to explore and create new business opportunities for Japanese companies in the fields of urban development, construction and engineering sectors in India. It will also provide engineering staffs for each industry (i.e. construction, civil engineering, plant engineering, industrial machinery) as engineering outsourcing services, and low-cost operation services in O&M (Operation & Maintenance).

JRI’s Research & Consulting Division established “India Business Incubation Group” this year. The group is providing consulting services on business development in Inda for Japanese companies. Through this cooperation with L&T which has a strong presence in India, JRI is confident that it will be able to make greater contribution to growth of business opportunities for Japanese companies, in the fields of urban development, construction and engineering in India.