As the domestic market faces a shortage of information technology engineers, Japan has turned its eyes on India's abundance of IT talent to prepare for the anticipated "internet of things" society.

At the Bengaluru Tokyo Technology Initiative event, held Friday in Tokyo's Minato Ward, policymakers, scholars and officials from both Japan and India discussed potential bilateral collaboration in the industry.

Japan and India could be "a good match" to drive efforts to realize an internet of things society, where many things are connected to the internet, said Tatsuya Terazawa, director-general at the Economy, Trade and Industry Ministry's Commerce and Information Policy Bureau who spoke at a panel discussion.