Nasscom signs MoU with New Jersey

The National Association of Software and Services Companies (Nasscom) on Monday said that it has signed an MoU with VentureLink@NJIT and Choose New Jersey, US. This will aim to ease partnerships between the State of New Jersey and India and will promote technology-based Foreign Direct Investment (FDI) between the two regions.

This also seeks to support collaborative research and development in common interest areas between the organisations from both the regions, a press statement said. Called the ‘Nasscom Launchpad’, this partnership will have a 90-day complimentary soft-landing space in New Jersey for Nasscom member companies to use as a base. This will include an ecosystem for enhancing flow of insights and developments on technology, innovation, investments, regulations and information from their specific regions, the statement further claimed.