Japanese investment in Indian IT and start-up ecosystem grows four times since 2016: Report
- IBEF
- November 2, 2021
According to a report by the National Association of Software and Services Companies (NASSCOM), in association with Nomura Research Institute (NRI), Japanese investment in the Indian IT and start-up ecosystem has grown fourfold since 2016, hence helping create 102,000 additional jobs.
The total investment reached US$ 9.2 billion, exemplified by a rising number of deals and big deals mostly by large investors like Softbank. Fintech, healthcare and mobility are the top sectors drawing investment from multiple Japanese investors followed by e-commerce, enterprise, and real estate.
As per the report, the Indian IT sector has facilitated many Japanese corporations to embrace digital capabilities and innovative business models. Japanese policymakers see India as a trustworthy partner for accelerating Japan's digital transformation and began investing strongly in Indian tech start-ups since 2016.
“This rise in the investment by Japan is a testament to our performance and expertise. The technology industry has grown to be a reliable partner for digital transformation journey and innovating new business model to Japanese companies. Japan and India have worked as strategic partners leveraging their respective strengths and co-creation to bring best products for the global market.” Mrs. Debjani Ghosh, President, NASSCOM, stated.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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