Nagoya Electric Works Co., Ltd.'s proposal for the “Business Model Formation Survey Project on Road Safety Products" in India has been adopted as one of the initiatives under the Japan International Cooperation Agency's (JICA) "SDGs Business Supporting Survey" Program.
We propose road safety products including portable traffic signals, portable variable message signs, and on-vehicle variable message signs from our group’s product line. The road safety products have been widely adopted by road authorities in Japan, contributing to the reduction of traffic accident risks during road construction and maintenance activities. From this successful experience, we aim to address the social problems related to traffic accidents in India*. We will create an appropriate business model for India by leveraging the JICA's support program.
* India faces significant social problems with approximately 460,000 traffic accidents and around 160,000 traffic accident fatalities annually, with about 4,000 fatalities occurring during road construction (Source: ROAD ACCIDENTS IN INDIA 2022 (Ministry of Transport and Highways, India).
Related Link (in Japanese): 2023年度「中小企業・SDGsビジネス支援事業」： 68件の採択を決定 (JICA)