Adani joins hands with Japanese firm

Adani Enterprises today announced a partnership with Japanese group Kowa Company, for cooperation in the infrastructure and other areas.

The pact will empower Kowa to act as a first contact for Adani's business operations in Japan and Adani will act in similar capacity to facilitate Kowa’s interests in India. As per the agreement, Kowa will help Adani initiate business with Japanese firms, in areas like ports, shipping, coal mining, transportation of coal and power. 

"This partnership will help us foster new business ties in this land of the rising sun, which is a leading global economy. I am confident that Kowa will help us derive synergy for fast track growth in the highly competitive APAC region," said Gautam Adani, Chairman, Adani group.

The alliance will also look at areas for both the partners to explore together, in both Japan and India. Kowa would also play a significant role in attracting investments from leading Japanese firms to Adani's special economic zone at Mundra. Kowa will also be Adani's contact in Japan to help Adani procure heavy engineering machinery for thermal and solar power generation, ships and tugboats.