New Jersey hub to act as catalyst for global expansion of Indian IT companies.
The National Association of Software and Services Companies (NASSCOM) representing India’s $191 billion IT-BPM industry has set up a launchpad in New Jersey to promote technology based India-US partnership.
The apex industry body has tied up with a start-up hub VentureLink@NJIT and Choose New Jersey, a non-profit, to facilitate partnerships between India and New Jersey and the greater New York area.
Virtually set up Wednesday, the NASSCOM Launchpad would promote technology-based foreign direct investment (FDI) between the two regions providing a platform for its member companies to use as a home base while exploring business opportunities, according to a media release.
NASSCOM member companies will gain a hands-on understanding of market opportunities within the New Jersey tech ecosystem, assistance with site selection, government regulations, incentives, and tax planning to establish permanent operations in the region while operating out of their home location in India.
This initiative would also support collaborative research and development in areas of common interest between the organizations of these regions, the release said
The partnership will also facilitate business partner match making and assistance with introductions with prospective clients.
The initial companies participating in the Launchpad are Batoi Systems Pvt Ltd, Eminenture Pvt Ltd, Mucheo, NeenOpal Inc, ITSYS Solutions.Around 20 companies are expected to utilize the platform during the course of a year.
“This is yet another milestone program for NASSCOM that will act as a prominent catalyst for the global expansion of Indian IT companies,” said Shivendra Singh, vice-president of the trade body.”
“Through this virtual platform, NASSCOM is enabling member companies to develop partnerships with US-based companies.”
“I am confident that this program will boost opportunities available for Indian companies and we can play a role in their growth plans globally,” he added.
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