Mitsui & Co. Global Investment Ltd. (MGI), a wholly-owned subsidiary of Mitsui & Co., Ltd.'s (MITSUI) Financial & New Business Unit, promoting private equity investment by focusing on overseas corporate venture investment through the MITSUI's global network, established MGI Group India Private Limited (MGII) in a joint capital investment with MITSUI on January 12, 2012.

India's current population of 1.21 billion is predicted to grow to 1.49 billion by 2030, surpassing China to take top position in world population. In addition, in contrast with the aging populations of Europe, America and various countries in Asia, India's population is largely young people - with over half of the population being under twenty-five. Therefore, expansion of both consumer markets and manpower are anticipated to continue over a long period of time. This region enjoys the merits of both high growth as an emerging nation, and western-style corporate governance due to their high educational standards, wide use of English, and western-style legal and accounting system standards.

MITSUI's Financial and New Business Unit, which invests globally, names India as one of the prime investing regions and has led to the establishment of MGII to expedite full-scale private equity investment in India. MGII will hire and train local staff and build personnel networks to provide an investing foothold for MITSUI in India. They will also continue to make investments which not only support continuous change for MITSUI as a general trading company, but which also embody its spirit of 'Challenge and Innovation' by contributing to the creation and expansion of India's new industries and markets.

Priority investment areas in India

(1) Consumer retail and healthcare areas which are expected to experience particularly rapid expansion due to the rise in middle class earners: Platform businesses such as medical supplies, food, clothing, drug store chains, supermarkets, education, financial services, and logistic infrastructures that support retail businesses.

(2) Basic industries that peripherally support economic growth: Fertilizers and pesticides, automotive parts, paper, printing, construction (raw) materials, building materials, and the like.

(3) Areas that utilize India's high-standard human resources and cost competitiveness: Various manufacturing businesses, outsourcing businesses for IT service.