July 12, 2007: IBC and KVH to partner in providing support to Japanese businesses entering the India market - Providing complete consultation service from establishment of a local entity to assistance with implementation of IT infrastructure
Press Release: July 12, 2007
Indo Business Centre, Ltd. (Headquartered in Chiyoda-ku, Tokyo, President: Takashi Shimada, hereinafter referred to as “IBC”), and KVH Co., Ltd (Headquartered in Minato-ku, Tokyo, President and CEO: Miyuki Suzuki hereinafter referred to as “KVH”) will partner in supporting Japanese businesses entering the Indian market. The two companies will provide comprehensive support for Japanese businesses to establish a presence in India, from selection of a form of entity, assistance with implementation of communications infrastructure, and arrangement of human resources to helping with support functions. The two companies will also cooperate in marketing and sales activities in Japan. As a first step in this cooperative effort, a joint customer seminar entitled “Business Support to Companies Entering the Indian Market” will be held in July in Tokyo.
IBC and KVH will partner to help Japanese enterprises navigate the various businesses challenges when entering the India market. IBC has extensive experience and deep knowledge of India and leverages its India expertise and network of consultants in advising Japanese companies on India market entry strategies. IBC conducts research, provides support in establishing a local entity, and advises on legal, financial, taxation, management and logistics matters.
KVH recognizes India as a strategic market and has been supported through an affiliated team in Bangalore, India since May 2005 in the enhancement of its global IT management service offerings. KVH partners with multiple providers selected based on stringent performance criteria to offer global IT management services. KVH monitors and manages end-to-end service in cooperation with its partners, ensuring high quality managed service delivery.
In recent years, the Indian economy has grown by more than 8% annually. Foreign direct investment is expanding, as foreign multinationals are attracted by the market potential and quality and quantity of human resources in India. When Indian Prime Minister Dr. Manmohan Singh visited Japan in December 2006, a joint statement promoting the “Delhi-Mumbai Industrial Corridor” was issued, signaling an increased momentum in the number of Japanese companies interested in establishing a presence in India. . . Notwithstanding the positive investment environment, Japanese companies have a need for assistance in understanding the business, taxation and legal risks of operating in India, as well as objective assessments of issues related to staffing, power supply, infrastructure quality and telecommunications.
IBC and KVH will assemble their collective expertise and experience in providing a comprehensive and cooperative range of solutions to Japanese companies seeking to establish a presence in the dynamic Indian market.
About Indo Business Centre
Indo Business Centre (IBC) is a leading consulting firm providing professional service focused on business in India. Since 1997, with its specialist network in India, IBC has provided various service such as research in various business area, feasibility study, business consulting to expand business in India, support for establishment liaison offices or subsidiary companies, regal or tax consulting and so on for Japanese companies. On April 2007, for customer convenience, IBC has started two new service, portal site and IT&HR development, which support clients firmly not only by research and consulting but also by information and human resource.
KVH was established in Tokyo in 1999 by Fidelity Investments, the world’s largest independent investment group. KVH is an integrated communications and IT management service provider offering data, Internet access, voice and data center solutions to business customers, using its own optical fiber networks and data centers.
KVH has a presence in Tokyo, Yokohama, Osaka, Shanghai, Bangalore, and New York, and serves over 1,400 corporate customers in broad industry segments including financial services, manufacturing, pharmaceutical, media, and e-Commerce.
More information on KVH can be found at www.kvh.co.jp