Japan’s IT firms eye Indian JVs
Japan’s ageing population is a boon for Indian IT companies and Indian IT professionals. Japan needs three lakh IT professionals. There are presently 2000 Indian IT professionals working in Japan and there is scope for thousands more to be absorbed there.
After signing a joint venture agreeement with the Japanese IT firm Sanwell Company Limited, Arham Technologies Company (Japan) Ltd director Atul Hemani said that the business of Indian IT firms based in Japan is currently growing at over 40 percent compound annual growth rate in Japan compared to the IT sector in India which is growing at around 30 percent annually.
Mr.Hemani said that the size of the Japanese IT industry was over $150 billion. He said that around 60 percent of 5400 software companies operating in Japan were small to medium sized enterprises. They were facing an acute IT manpower crunch because of the dearth of young population in the country, he added.
He said that the business of Indian IT firms presently operating in Japan is currently growing at over 40 percent compound average growth rate although the Indian IT sector is growing at about 30 percent per annum, since India is the largest IT manpower provider in the world.
Mr.Hemani said Japan was in need of about three lakh more IT professionals to cater to the rising demand for software services in the country.
Sanwell, President of Sanwell Company Ltd said that most of the small to medium sized Japanese IT firms were keen on signing joint venture agreements with Indian IT companies. He said Japanese entities looked forward to offering infrastructure facilities towards sales and marketing initiatives and were willing to train Indian IT professionals to design softwares in the Japanese language.
Mumbai based Omnitech Infosolutions Ltd has bought 60 percent stake in Arham Technologies Company Ltd. The remaining 40 percent stake lies with Japanese IT service provider Sanwell Company Ltd.
