Chennai, Aug 4 - Non-life insurer Cholamandalam MS General Insurance (Chola MS), a joint venture between city-based Murugappa Group and Japan's Mitsui Sumitomo Insurance Group, Tuesday said it will continue targeting Korean and Japanese firms operating in India for selling its products.

'Our strategy in India will be to expand the retail business, bring the technical knowhow in risk management from Japan to the country and train Chola MS employees in Japan and Singapore,' Toshiaki Egashira, president and chief executive of Mistsui Sumitomo Insurance, told reporters here.

He added that the Japanese firm which currently has 26 percent stake in the joint venture, plans to increase its stake.

Chola MS has a separate strategic business unit (SBU) to market its products among the Japanese and Korean companies operating in India.