NASSCOM inks MoU with FEDESOFT

BANGALORE, INDIA: NASSCOM, the premier trade body and the “voice” of the Indian IT industry, signed an memorandum of understanding (MoU) with the Colombian Federation of Software and Related Technologies (FEDESOFT).

Som Mittal, president, NASSCOM and Alberto Pradilla Bermudez, president, FEDESOFT inked the MoU today.

This MoU was aimed at encouraging trade, investment, economic, commercial, technological and friendly relationships between Colombia and India.

Accordingly, both the bodies would implement joint activities to enhance understanding and co-operation between ICT industries of India and Colombia. The two agencies FEDESOFT and NASSCOM would promote new forms of economic cooperation in the ICT sector in their capacity.

Both the agencies would also assist members and other organisations within their countries to establish direct contacts, develop business relations and seek potential investors as well as business partners.

Ameet Nivsarkar, vice president, NASSCOM, said “With the current economic scenario and difficult market conditions faced by the economies world over, it is imperative that we collaborate and improve the market environment for ICT companies and in particular the small and medium-sized firms.”

“We are confident that this association will go a long way in nurturing the ICT sector and will create new business opportunities in both the countries,” he added.

Activities to be undertaken as per the MoU include:

· Promotion of joint organisation and participation of international; trade seminars and informative sessions in their countries and the exchange of training specialists and of their personnel

· Encouraging and mutually assisting members and other companies and organisations within their countries

· Establishing direct contacts and developing business relations, seeking potential investors, business partners as well as agents and distributers.

· Co-operating in each other’s respective surveys, studies, seminars, exhibitions and other activities, as appropriate.

· Fostering the exchange of trade missions and business delegations to both Colombia and India, if wished so by the associations’ members.