NASSCOM signs MoU with Fujitsu Research Institute

NEW DELHI, INDIA: NASSCOM and Fujitsu Research Institute (FRI), Japan have signed a Memorandum of Understanding (MoU) to enhance cooperation in the IT-BPM sector between India and Japan.

The purpose of the MoU is to promote cooperation in the area of Information Technology and Business Process Management Services in India.

The timeline of the MoU will be two years, during the course of which, it will provide Japanese and Indian businesses with more platforms to increase communication and networking opportunities.

Ameet Nivsarkar, VP- Global Trade Development, NASSCOM, said, "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 partnership includes organizing workshops and sending business delegations to exchange ideas, understand the scope of business and acclimatize companies on doing business with both the countries.

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. This new partnership between NASSCOM and FRI is expected to address the issue of lack of information and increase the number of Japanese companies interested in India to started operations in India.