The National Association of Software and Services Companies signed a Memorandum of Understanding on Monday with VentureLink@NJIT and Choose New Jersey. A partnership that aims to facilitate partnerships between New Jersey and India and will promote technology-based Foreign Direct Investment between the two regions as well as amplify global competitiveness between the companies operating in both geographies.
Gov. Phil Murphy is in India to showcase that New Jersey is open for business with Indian companies. The MoU was signed by Shivendra Singh of NASSCOM, Jose Lozano of Choose NJ, and Simon Nynens of NJIT in New Delhi.
Murphy said this partnership will support collaborative research and development in areas of common interest between the organizations of these regions.
The partnership will create a 90-day complimentary soft landing space to use as a home base in New Jersey for promoting business opportunities for NASSCOM member companies. It will also include developments in technology, innovation, investments, regulations and information from their specific regions.
NASSCOM members will frequently be made aware of strategic advantages, government policies and initiatives in New Jersey for collaborative opportunities as well as provide reciprocal services about the Indian IT industry scenario to VentureLink@NJIT members, Murphy said. Under the partnership, NASSCOM will also organize webinars and discussions to enable interactions between VentureLink@NJIT and NASSCOM members.