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Infosys Looks To Tap Japan Market, Forms Joint Venture With Hitachi | Business Standard News

by business-standard.com posted 10months ago 59 views
Acquires 81 per cent stake in the joint venture for Rs 1.74 billion. : India's second largest IT services firm Infosys on Friday announced the formation of a joint venture with Japan’s Hitachi Ltd., Panasonic Corporation and Pasona Inc., as it looks to enhance its presence in the island nation. Infosys will acquire 81 per cent stake in Hitachi Procurement Service Co., a fully owned subsidiary of Hitachi which currently handles indirect materials purchasing function for the Hitachi Group. The three Japanese firms will hold the remainder of the 19 per cent stake in the joint venture.

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