India to strengthen IT ties with Japan

Friday, 20 August 2004, 07:00 Hrs
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NEW DELHI: India is keen to forge stronger ties with Japan in the field of technology by integrating each other's strengths, Communications and IT Minister Dayanidhi Maran said here Thursday.

A Japanese delegation led by Minister of State in charge of IT Toshimitsu Motegi met Maran here to discuss areas of cooperation in IT and communications.

Lauding the rapid strides made by India in IT, Motegi said his country was keen to increase bilateral cooperation with India.

Maran stressed the need for strengthening bilateral cooperation with Japan by integrating each other's strengths in the fields of hardware and software.

The minister said serious steps should be taken to build new business alliances in the IT sector.

Recognising the need for promotion of bilateral cooperation between the two countries, Maran and Motegi agreed to frame modalities for setting up a Joint Study Group that would be tasked to identify areas for enhancing bilateral cooperation in the IT sector.

The IT services market in Japan is estimated at $60 billion a year. Of this, approximately $3 billion is outsourced from abroad. Indian IT companies have a market of $190 million a year in Japan.

The Japanese market currently accounts for about three percent of Indian global IT services exports.

Source: IANS
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