Global Trade


  

NASSCOM’S LARGEST SME PROGRAM OPENS GATEWAY TO THE US MARKET

As part of its continued efforts to explore newer markets and reinforce commitment to existing geographies, the National Association of Software and Services Companies (NASSCOM) concluded its first edition of an exclusive SME program for the US market. The largest international engagement program from 15th – 22nd July 2019 provided SMEs a gateway to the U.S. market to promote mutually-beneficial trade, investment, and technological exchange opportunities between India & US.   Focus of the Visit was to facilitate – Investment opportunities for the Indian Tech companies across the US Potential partnership with the US companies for co-innovation Understanding of talent availability across various states Regulatory framework of setting up and starting the company in the US   Key ...

UK Policy Update: Foreign Affairs Committee report on UK-India Relations

The UK Foreign Affairs Committee (FAC) recently published a report titled Building Bridges: Reawakening UK-India ties, following their “Global Britain” inquiry, to which NASSCOM submitted written evidence in September 2018. The report is very positive about the UK-India relationship and makes a number of recommendations on skills, migration and trade policy. Specifically, the report recommends that the UK Government should prioritise trade talks with India and do more to lay the groundwork for an eventual deal; and that the UK’s relations with India be considered as the post-Brexit immigration system is established. In particular, we want to highlight that the NASSCOM submission to the Committee was highly impactful – it is specifically cited two times in the report, with regards to the im...

SME Excusive Market Development to UK

Despite continued uncertainty due to Brexit, U.K. remains the 2nd largest market for Indian IT Industry. All major Indian IT companies have a significant presence in the U.K. and contributing to the British economy. However, it is also the market where the SMEs struggle to find the right base, an appropriate landing point and cater to suitable market opportunities. With the intent to provide a fillip to the market development efforts of SMEs,NASSCOM’s 1st exclusive SME Program to UK was organised. The program has following key pillars of engagement: Coincided with the London Tech Week, having 300+ events and close to 50,000+ attendees from 90 different countries. Handpicked Sessions at the LTW in areas such as Market entry, Setting up, Scaling up and Capital Raising in the UK, Sector...

Nordics – The next big frontier

Background Nordics is a high potential region and relatively underpenetrated by India IT. There is limited awareness on Indian IT (its capabilities) beyond the top large players. While Nordics houses many small boutique companies doing cutting edge work in Emerging Technologies that can bring long-term strategic benefits to our industry, there are also a large number of SME and large enterprises posing enormous business opportunities for large and SME players. We have moved steps ahead in our understanding of the market and have identified the right partners who can help in creating outcome based effective interventions. We are in the process of  building comprehensive – strategic- long term intervention that will open opportunities for our member companies, both large and SMEs and will po...

BREXIT Update: Theresa May announces stepping down as UK PM

On 24th May 2019, Theresa May announced her decision to step down as the UK Prime Minister. This follows the inconclusive cross-party talks between Labour and the Conservative parties; and an overwhelmingly negative response to her new Brexit proposal thereafter. UK’s future political direction, particularly regarding Brexit, will now depend on who succeeds May as the Conservative leader and the next Prime Minister. If a hard-Brexiteer leader takes over, one of their first actions will be to step up preparations for no deal Brexit. Implications: Overall this entails continuation of the general environment of uncertainty for businesses for NASSCOM members in the UK. That said, core policy issues for us, e.g. immigration policy regime, data security regimes remain unchanged If a hard-Brexit ...

Brexit Update – Brexit Withdrawal Agreement Bill

On 14th May 2019, Downing Street announced that the Brexit Withdrawal Agreement Bill (WAB) will be brought for voting before UK MPs in the first week of June 2019. It looks likely that PM May will struggle to secure the requisite number of votes to pass the WAB given cross-party Brexit talks between Labour and the Tories now widely expected to fail. If the WAB were to be defeated at Second Reading it would not be able to be reintroduced in the current session of Parliament, in effect ending PM May’s hopes of securing Brexit. She would then be under intense pressure to resign, triggering a Tory leadership contest during June-September 2019. For Indian companies in the UK, this entails continuation of the general environment of uncertainty for businesses. That said, core policy issues for us...

White House Immigration Announcement – Overview and initial implications

Overview – On Thursday, May 16th 2019, President Trump delivered a Rose Garden address at the White House on his vision to modernize America’s immigration system The immigration reform proposal was developed by Jared Kushner, President’s advisor President Trump’s speech reflects the framework that was developed by Kushner: it is light on specific details and the President said he was leaving it up to Congress to develop the specific legislative language Implications – There is no actual plan yet. The President mapped out a broad blueprint and called on Congress to fill in the details and write a specific piece of legislation The blueprint focuses largely on “reforming” America’s permanent immigration system and moving away from being predominantly a family-based system to a merit-based poi...

NASSCOM signs MOU for a Strategic partnership with Business Sweden to foster Indo-Swedish Innovation for Sustainability & Global Challenges.

NASSCOM signed an MOU for a Strategic Partnership with Business Sweden to foster Indo-Swedish innovation in areas of sustainability and global challenges. The program UNNATI is a by-product of the visit of Hon’ble PM of India, Shri Narendra Modi’s to Stockholm last year, wherein he signed a ‘Joint Declaration on Innovation Partnership for a Sustainable Future’ with the Swedish PM Stefan Lofven. UNNATI has large Swedish enterprises like  Astra Zeneca Volvo, Ericsson, Ikea, ABB on board and getting them to narrow down their requirements so that the right Startup can be scouted for ( In India) through an application process. These Swedish Enterprises are either present in a big way in India or keen to expand in the Indian market. As touch points within these companies, UNNATI has (in most cas...

Key learnings from my Israel trip

I spent a few days in Israel to understand the phenomena first hand. Here are my 3 key takeaways: 1) Israelis see innovation as their most precious natural resource – it’s a mindset that gets created from school and nurtured every step of the way. They believe their survival depends on it, e.g., every entrepreneur starts their business with the knowledge that there is no domestic market in Israel. Their success depends on their ability to build for global markets. And for that they have to depend on their ability to innovate better than others. It’s built into the design of their success mantra. 2) A connected ecosystem – I have not seen any country connect every single part of its ecosystem to drive innovation and entrepreneurship as effectively as Israel does. Fro...

Israel Tech Alliance Program 2019

We are pleased to apprise you on our recently concluded Israel Tech Alliance program that was held on 5-8 March 2019. The program was a combination of awareness of the tech landscape, meeting all the relevant stakeholders, focused B2B’s for our members, exploration of potential co-creation models. The participants were a nice mix of large IT services companies, SMEs, GCCs, Product companies & Start-up’s. While the detailed update is attached herewith, few key highlights are mentioned below for your reference – Program was led by NASSCOM President and we had 22 participants from 10 companies attending the program. This was one of the most diverse set of companies we have had in recent times. We had organised an Indian pavilion during OurCrowd Summit in Jerusalem, we managed to get the e...

  • 1
  • 2
  • 4