NEW DELHI: Kiran Karnik, President, NASSCOM, said, "With Indian IT companies growing well in size as well as reputation, the next step for many companies would be to list in the U.S. for better acceptance by customers. Our relationship with NASDAQ will facilitate this entry to be faster and easier for Indian companies. Further, as part of the MoU, NASDAQ will also work with us in promoting the Indian IT industry amongst the big U.S. businesses." "The Indian IT Services industry has one of the fastest growth rate globally. This growth can be fostered further through greater access to the largest financial market in the world and its biggest market at the same time. NASDAQ has the largest listings of companies in the US market and is keen to attract Indian companies to tap the US capital market," commented Charles Balfour, Head International, Office of the Vice Chairman, NASDAQ. As per the MoU, NASDAQ and NASSCOM will implement a series of activities which include exchange of information by way of publications, periodicals and non-confidential research and survey reports and arrangement of joint research and development projects in IT related areas and other areas of mutual interest. The two organisations will co-organise exhibitions, seminars, workshops and conferences for participation of key IT playes in the US and India. The two organisations will also invite and host trade missions between the two countries as and when necessary to attend functions and programmes related to the software industries. NASDAQ will provide information and necessary support to NASSCOM members looking to be admitted to trading on the NASDAQ while NASSCOM will maintain updated information regarding NASDAQ and promote this amongst its members through its website. This cooperative relationship is intended to benefit the IT software and service industry in India and the financial services industry in the US.