Talking about the MoU, Mr. Ameet Nivsarkar, Vice President – Global Trade Development, NASSCOM, said, “Throughout history, India–Japan relations have traditionally been strong and Japan is currently the third largest source of foreign direct investment for India. However, the bilateral trade especially in the technology sector does not reflect true potential. The aim is to provide a platform for Japanese businesses, where they can access important information about India and the Indian IT-BPM industry. This partnership also provides an excellent opportunity for the Indian service providers to showcase their capabilities and network with the Japanese businesses to promote bilateral trade between the countries.”
The scope of the partnership will include:
· Jointly distributing professional content about India to Japanese businesses and about Japan market with Indian companies
· Organize workshops in India and Japan to acclimatize Japanese companies on doing business in India or with India and acclimatize Indian companies about doing business in Japan or with Japan
· Both FRI and NASSCOM to organize and support business delegations
Mr. Yoshiro Suzuki, Head, Global Business, Fujitsu Research Institute said, “This partnership will help companies of both countries to acclimatize to the style of working of both countries. The scope of this MoU includes various pre-determined activities which will benefit companies in the sector. During the course of the MoU each party will have the opportunity to acquire information of the other party opening up a free channel to exchange ideas.”
Today, there are currently 1,000 Japanese companies in India but there are many more eager to look at India as a market both for business and talent and as an IT partner. This new partnership between NASSCOM and FRI will surely address the issue of lack of information and therefore, increase the number of Japanese companies interested in India to started operations in India.
About NASSCOM
NASSCOM (www.nasscom.in) is India's National Association of Software and Service Companies, the premier trade body and the chamber of commerce of the IT software and services industry in India. NASSCOM is a global trade body with nearly 1500 members, of which over 350 are global companies from the US, UK, EU, Japan and China. NASSCOM's member companies are in the business of software development, software services, software products, IT-enabled/BPM services and e-commerce. NASSCOM has been the strongest proponent of global free trade in India.
NASSCOM is committed to work proactively to encourage its members to adopt world class management practices, build and uphold highest quality standards and become globally competitive. In India and around the world, NASSCOM members are participants in the new global economy and are reputed for their cutting-edge business practices and social initiatives.
