Japanese companies are increasingly tapping Indian talent and companies to build products and solutions at lower costs to compete against Chinese firms.
Infosys plans to create a bigger footprint in Japan to tap the transformation across manufacturing sector through its joint venture (JV) with Hitachi, Panasonic and Pasona, as it looks to grow business in the country that has long been averse to outsourcing, reported Economic Times.
India joins the bandwagon
In December 2018, Infosys formed the JV with the three Japanese hi-tech electronics firms to build solutions that use digital technology platforms to improve indirect procurement.
For long, Indian IT services companies have struggled to grow their business in Japan, a developed market, which has traditionally been slow to embrace outsourcing. With companies such as Infosys, TCS, Wipro, HCL Technologies and others strengthening their platform-led services model; there has seen higher acceptance among the manufacturing and industrial companies in Japan.
Japanese companies are increasingly tapping Indian talent and companies to build products and solutions at lower costs to compete against Chinese firms. In 2017, Japanese consumer appliances major Panasonic set up an R&D centre jointly with Tata Elxsi to develop solutions in the field of artificial intelligence and robotics, both for the global market and India.
