NEC to set up Offshore Software Development office in India

Japan-based NEC Corp. (NEC), service provider of Internet, broadband network connection services and enterprise business solutions, is thinking to start a new company here to enlarge its IT/network business services in the Indian IT market. The news suggest that NEC to set up Offshore Software Development office in India to cater into Indian IT market. Uncertainly named NEC India Pvt. Ltd, the new firm is expected to start operations next month in India. The company is expected to invest around $1 million for its India Software Development purpose. This company is also expected to grow rapidly as India seems to be he perfect match for company’s requirements for IT Outsourcing and services. The company is also expected to hire lots of local talents for its new plant in India according to news.

This new organization in India would provide IT/network solutions services along with wireless systems. It would also sell mass-market IT products to the local Indian market as well as to its clients globally. The organization is also planning to launch branches in other Indian cities as well over the next few years. Company has lots of expectations from Indian market as well as if finds sufficient pool of talents in Indian Territory for its project. Company also declared that it would initially employ 50 people and plan to enhance this strength to approximately 300 employees over three years time period. Company is also planning to start three more branches in different cities of India like Chennai, Mumbai and Bangalore declared by CEO of the company.

Offshore Software Development Project

From this purpose of Offshore Software Development project in India, company is expecting to generate business amounting of $10 -20 million in the first year. Company would also make a supplementary investment of $1 million during the year 2006-'07 for advertising and marketing functions. VP of the company stated that their new plant in India would facilitate the solutions that will meet the Indian local requirements. Offshore Software Development plant would also respond to the rapidly growing IT/network demand that is predicted in the booming Indian market. IT Outsourcing to the country would fetch lots of benefits to the company in the long term. Company is also planning to capitalize on quality services by utilizing high-quality local IT sources for the development purpose.

In this Offshore Software Development service project NEC Corporation will own 40% of the overall stake and the rest will be with NEC Solution Asia Pacific. The firm has launched negotiations with some state governments and also the central government of India for their new solutions business and services on Indian Territory. Though, company’s association with India started back in 1977. Company is already doing will as a part of India Software Development.

In short company is on the way of expansion in India for IT Outsourcing and services. Company knows the caliber of India for IT services. Company is looking to cater Indian market for IT services in big way by its plant in India for the purpose of Offshore Software Development.