MoU for cooperation signed between SIAM and JAMA

Society of Indian Automobile Manufacturers (SIAM) and Japan Automobile Manufacturers Association (JAMA) have signed a Memorandum of Understanding (MoU) at the 54th SIAM Annual convention. Fumihiko Ike, Chairman of JAMA and Honda Motor Company signed the MoU with Vikram Kirloskar, President SIAM and Vice Chairman, Toyota Kirloskar Motor. This was done in the presence of Takesai Yagi, Ambassador of Japan to India, Ambuj Sharma, Additional Secretary, Government of India, Ministry of Heavy Industries & Public Enterprises, Government of India and other senior officials.

SIAM and JAMA can have discussions with respect to important motor vehicle platforms, market trends, business and investment environments, trade agreements (WTO, RCEP and other bilateral agreements), market stimulation measures, Government automotive policies, harmonization of automotive technical regulations, environmental issues, road safety education and Auto shows.

Fumihiko Ike is confident that the MoU will prove to be beneficial for both countries and help strengthen the automotive industry. The move supports broader cooperation and mutual assistance while working on country-specific projects. Cooperative dialogue will be maintained at both members and secretariat levels, with respect to economic, technical and other issues concerning auto industry.

The new MoU officially provides opportunities for information sharing between the two industry bodies. It reinforces an ongoing relationship between both organizations and is part of SIAM's commitment towards industry improvement. Incidentally, the new MoU comes at an opportune moment where the Indian and global auto industries are already on the rise and will aid further progress.