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NASSCOM aims seamless growth from Japanese GICs based in India; announces launch of NASSCOM Japan Council

National Association of Software and Services Companies (NASSCOM) today announced the launch of NASSCOM Japan Council to focus on the interests of Japanese GICs based in India and encourage a conclusive growth for both the nations. The NASSCOM Japan Council was announced on the sidelines of the two-day GIC (Global In-House Center) conclave in Pune, in the presence of Mr. R Chandrashekhar, President, NASSCOM and Mr. Takeyari San, Managing Director and President, Sony India Software. The aim of the council will be to gauge various dynamics that will encourage Japan GICs to grow in the country and also address various challenges at policy level as well as other matters that effect the growth of Japanese GICs in the country.

Mr. R Chandrashekhar, President, NASSCOM said, “NASSCOM Japan Council will help us to identify growth enablers and address various challenges for GICs in the country. With this initiative we also aim to undertake activities which will make India a favorable destination for more GICs in Japan willing to expand globally and recommend on policies which will enable a seamless ecosystem of operations to address immigration, taxation and partnering with the government.”

India is one of the leading locations for GICs with 30 per cent share of new set-ups globally and is playing an important role in growth of Indian IT-BPM industry and it is expected that GIC exports will be USD 17 billion by end of 2014. At present there are about 825 GICs spread across tier I/II/III cites and employs about 530,000 people in the country.

Mr. Takeyari San, Managing Director and President, Sony India Software said that “This initiative from NASSCOM to form a Japanese GIC Council is a remarkable achievement - this platform can be leveraged by all Japanese GIC’s who have establishments in India and for those whom may want to start afresh. I am glad NASSCOM has mooted this idea and is a step in the right direction though some would say it was long overdue. I am extremely excited to be part of this and I am looking forward to see this forum delivering value to India-Japan collaboration in the Technology, IT& ITES.”

The journey of GICs started in India in early 1980s and today the country is home to over 700+ GICs from diverse verticals and diverse application areas. Over a period of time, the GICs in India have evolved to impact the business of the global corporations and provide value beyond cost such as providing cross BU integration and localizing the product strategy. Presence of a large conglomeration of the GICs in India has also brought immense credibility to India as the destination for overall IT related activities. Going forward NASSCOM aims to undertake similar initiatives to work closely with specific country based GICs and create various platforms to aims to seamlessly ‘Collaborate, Connect and Co-create’.