Japanese firm SoftBank is leading investment into Indian IT and startups
Japanese investment in the Indian IT and start-up ecosystem has grown fourfold since 2016, according to a report by the National Association of Software and Services Companies (NASSCOM), in association with Nomura Research Institute (NRI).
It estimated the investment is helping create 102,000 additional jobs.
Japanese investment reached US$ 9.2 billion, 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.
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.
Which raises the question for Australia – can India become a favoured investment location as Aussie companies strive for next level transformation?
Author: Stephen Manallack
Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand.
Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication.
Passionate campaigner for closer western relations with India.
Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India.
A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.
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