NEC moves beyond HCL tie-up, sets up own operation in India

29th April 2013
NEC  moves beyond HCL tie-up, sets up own operation in India
NEC India CEO Anil Gupta and NEC Corp. Chairman Takaaki Shimizu at the press event in Delhi, April 27, announcing the new India entity

New Delhi, April 29, 2013 –NEC Technologies India Limited (NTI) is the new Indian entity and subsidiary of the Japan headquartered NEC Corporation, after ending the joint venture with HCL Technologies.
NTI will develop innovative solutions and support operations in the retail, security, smart energy, e-governance and infrastructure fields, while doubling its footprint in India within the next two years, a company release said.
Says Takaaki Shimizu, Senior Vice President at NEC Corporation and Chairman of the Board of NEC Technologies India: “NTI will be at the forefront of the NEC Group’s global system integration business,” said “India is the cross point of Asia and Western markets and the new company will play a strategic role in business creation and standardization of our solutions for global markets.”
Adds Anil Gupta, CEO and Managing Director of NEC Technologies India: ”We see enormous potential in NEC’s global resources and strengths, including advanced technologies, products and solutions. We will customize existing products and solutions for both India and global markets in order to participate in new economic opportunities being created in markets throughout the world.”
NTI in addition, is focusing on developing a wide range of solutions for the Indian and Global Markets around NEC’s advanced solutions for enterprise and public businesses. NTI also plans to expand its current focus on large eGovernance and infrastructure projects in India while supporting the Global Subsidiaries of NEC in their respective markets.
Formerly known as NEC HCL, NTI has operated in India since October 2005. NTI became a 100% subsidiary of NEC Corporation after it acquired the 49% of equity stake held by HCL Technologies Limited. NTI has development centres in India’s National Capital Region and a sales office in Japan. .