Nasscom signs pact, opens gateway for desi firms to enter Japanese markets

New Delhi

This project will be formally initiated by early 2019, Nasscom said on Monday, adding the primary objective of this IT corridor will be to facilitate partnerships between Indian and Japanese companies.

“We have cutting-edge manufacturing technology,” said Atsuhito Uemaru, Chief of Innovation Promotion, Hiroshima Prefectural Government.

“For achieving sustainable growth in Hiroshima, what we lack is a cluster of IT and software industry. Through our collaboration with Nasscom, we would like to serve as a gateway for Indian companies to enter the Japanese market and vice versa, to build an ecosystem beneficial for the growth of both Indian and Hiroshima companies,” Uemaru said.

Indian companies with their command on the software side can help Japanese manufacturing companies adopt digital transformation and help them create innovative product and solutions lines, Nasscom said. “We are really happy to pursue this cooperation with Hiroshima government and see this as a big step forward towards establishing Indo-Japanese cooperation in the new digital era,” said Gagan Sabharwal, Senior Director, Global Trade Development, Nasscom.

“We are hoping to witness significant advancements in technology and innovation through the partnerships that emerge as a result of this association. This collaboration will act as a building block towards strengthening the Indo-Japan relationship,” Sabharwal added.

MoU with Dubai Internet City signed

Meanwhile, it has also signed a MoU with Dubai Internet City (DIC) to facilitate expansion of Indian businesses in the Middle East. The agreement, the first-of-its kind in the Middle East and North Africa (MENA) region, is aimed at attracting Indian small and medium-sized enterprises (SMEs) to the United Arab Emirates (UAE).

To boost the SME ecosystem in the UAE, the leading technology community in the region, as part of the MoU, will provide opportunity to the members of the non-profit trade association by offering support and a platform to expand in the MENA region.

Ammar Al Malik, MD, DIC and Dubai Outsource City (DOC) said: “The Middle East offers tremendous growth opportunities for innovative tech firms, with huge untapped potential. The $8 billion UAE tech industry is growing rapidly.”

The Dubai-based leading technology business community in the region serves as a natural launch pad for Indian technology businesses looking to expand their operations into the region, he said.

Kamal Agarwala, SME Council Chair, Nasscom, said: “As the apex body for the $154 billion Indian IT BPM industry, we have strived to ensure the continued growth of the sector, facilitate partnerships, and fuel expansions. We firmly believe that this MoU will serve as a major catalyst for Indian businesses to expand into the region.”