NASSCOM and JETRO have teamed up to bring more startups and technology firms in contact with venture capitalists and strategic partners from Japan. NASSCOM, in line with its effort to cover more markets, has taken the the first steps towards facilitating contact between Indian and Japanese firms, and three startups have already received funding as part of the first round of interactions held last September.
Adding to this, Shinzo Nakano, Chairman, Japan Venture Capital Association, said "We started (working with Nasscom) in 2014 or 2015. The initial idea of the partnership was to enhance Indian digital players like TCS, Wipro, Infosys and others, (and) to promote them to Japan's market. There is the Japanese promotion programme, keen to expand the bsuiness base in Japan."
Further adding to this, Gagan Sabharwal, Senior Director, Global Trade Development, NASSCOM, said, "There are many complementarities & drivers for Japan-India digital partnership - Demographic trends & low interest rate in Japan, respective capabilities on the hardware and software side, growth markets in India to name a few. All these create a favourable environment for enhanced cooperation between both the ecosystems and lasting partnership especially at the startup level. Japanese businesses that are looking to own piece of innovative businesses today cannot ignore growing Indian startup ecosystem."
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