Conduct three-city roadshow together in Fukuoka, Hiroshima and Yokohama to build partnerships in the IOT space 

14^th June 2018, New Delhi: As a part of its consistent endeavours to tap new geographies to forge alliances in the digital space, the National Association of Software and Services Companies (NASSCOM) in association with the Japan External Trade Organization (JETRO), is conducting a three-city tour of Indian technology companies in Japan next week. In a weeklong roadshow across Fukuoka, Hiroshima and Yokohama, NASSCOM and JETRO will raise awareness about the scope for co-development between the Japanese and Indian industry to leverage each other’s strengths in engineering, design and development.

The NASSCOM delegation will also meet municipal governments in the Fukuoka, Hiroshima, Shimane and Yokohama prefectures, to explore opportunities and develop a streamlined platform to foster collaborative efforts. With the support of JETRO and the local Japanese ecosystem, NASSCOM will create a bilateral database of organizations to cultivate collaboration in the future.

Mr. Sujan R. Chinoy, Indian Ambassador to Japan, lauding the efforts said, “Today, the vibrant Indian IT industry is worth more than US $150 billion and India has emerged as a hotspot of digital innovation across all sectors.  India has huge reserves of youthful and talented IT professionals, while Japan is conventionally strong in hardware and manufacturing technologies. In the IOT era, both countries can combine their relative strengths and take the lead in the global innovation order.  Against this backdrop, the visit of the NASSCOM delegation to Japan will strengthen the India-Japan partnership in Digital Innovation and IT.”

Mr. Gagan Sabharwal, Senior Director, Global Trade Development, NASSCOM commented, “Japan and India are natural allies in the new digital era with their inherent strengths in hardware and software, respectively. With the lines between both merging, it is an opportune time for Japanese and Indian companies to forge partnerships to create cutting-edge solutions and re-establish themselves at a global scale. In partnership with JETRO, we are taking this message to Japanese cities where we have never ventured before. With support from Japanese stakeholders, we will make the Indo-Japanese partnership in digital a cornerstone of our economic relations.”

JETRO strongly encourages Indo-Japanese IT and IoT collaboration with the conviction that it will create a tremendous symbiotic effect and enable development of industries bilaterally. It will also lead to the mutual socioeconomic benefits especially in regional growth, employment creation, and skill development. Last month, NASSCOM in collaboration with JETRO hosted the Hon’ble Minister of Economy Trade & Industry of Japan, Mr. Hiroshige Seko, at the Indian Institute of Management Bangalore (IIMB), where he announced the Japan India start-up hub. Beginning operations later this year, this hub will further channelize investments and promote information exchange and business collaboration in the start-up ecosystems of both countries.

About NASSCOM

NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPM industries in India. NASSCOM is a global trade body with more than 2100 members, which include both Indian and multinational companies that have a presence in India. NASSCOM’s member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPO services, e-commerce & web services, engineering services and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 3.5 million professionals.

For more information please visit: www.nasscom.in

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Following is the text of the Joint Statement by Anand Sharma, Union Minister of Commerce and Industry, India and Toshimitsu Motegi, Minister of Economy, Trade and Industry, Japan:

The meeting between H.E. Anand Sharma, Minister of Commerce and Industry of India and H.E. Toshimitsu Motegi, Minister of Economy, Trade and Industry of Japan was held on 17th May, 2013 in Tokyo, Japan.

1. Delhi-Mumbai Industrial Corridor (DMIC)

1) Both sides welcomed progress of Dedicated Freight Corridor (DFC) as the backbone of DMIC and agreed to review their progress on a continuous basis.

2) Both sides appreciated Government of India`s formalizing the process of 26% equity participation from Japan Bank for International Cooperation (JBIC) in Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and relaxation of capital regulations to enable long term lending for DMICDC projects through JBIC.

3) Both sides agreed to expedite the process of Smart Community Projects such as seawater desalination at Dahej, Gujarat; power system stabilization project in the State of Gujarat; a microgrid system using large-scale photovoltaic (PV) power generation at Neemrana Industrial Area in Rajasthan (New Energy and Industrial Technology Development Organization (NEDO); and gas-fired independent power producer (IPP) in Maharashtra and agreed to advance the projects by exploring solutions for electricity and environmental regulations and/ or their implementation with related Ministries.

4) Both sides reaffirmed that trunk infrastructure projects for Japan`s US $ 4.5 billion facility should be implemented through advanced innovative cutting-edge technologies for sustainable development in a way beneficial to both the countries with all instruments of JBIC`s and Japan International Cooperation Agency (JICA)’s funding including STEP. Since this is a global and strategic partnership initiative between the two countries, the objective should be to attract Japanese technology and investments along the DMIC corridor.

5) Both sides reaffirmed cooperation in manufacturing, development of industrial clusters and skill development centers promoted by The Overseas Human Resources and Industry Development Association and Japan External Trade Organization (JETRO) in the DMIC region. Both sides acknowledged the “Japanese industrial zones” facilitated by some of the State Governments in DMIC region and JETRO, as one of the key initiatives under the DMIC to create globally-competitive industrial clusters.

2. Chennai-Bengaluru Industrial Corridor (CBIC)

Both sides acknowledged the progress made in the CBIC project and the finalization of the preliminary report for enhancing the quality of infrastructure in the region. The issue of improving access to Ennore and Chennai ports will be taken up in partnership with the State Government.

Both sides acknowledged the finalization of ToRs for the perspective planning of the region and for the Master Planning of investment nodes. It was agreed to reinforce their cooperation in the CBIC region and provide impetus to development of industrial clusters and skill development.

3.  Japan India Investment Promotion

1) Both sides agreed to deepen discussion on concrete measures on India-Japan Investment Promotion under partnership with both countries` businesses, reaffirming the expansion of investment as being essential for the global, strategic and complementary economic relationship between the two countries.

2) Both sides agreed to support planned initiatives and projects in this year designed for strengthening business partnership to be organized by JETRO and NEDO.

3) Both sides confirmed that investment promotion is necessary for both countries` mutually-beneficial development, and agreed to deepen related discussion with regard to measures for investment promotion and improvement in business environment in partnership with State Governments.

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