NEC India and NetSol Technologies Thailand have signed a strategic partnership agreement that will enable both companies to complement their key strengths and jointly develop and support businesses in the asset finance & leasing industry in the growing Indian market, while helping both companies to take their services to other key markets in the Asia Pacific region.

NEC is a global technology solutions provider to major financial institutions, automotive and heavy equipment manufacturing companies. With this partnership, NEC will now support NetSol‘s growing customer base by setting up Captive Finance Units, Asset Finance and General Lending operations. NEC chose NetSol as its strategic partner for this initiative given its vast experience and global client base in the auto captive & general leasing space. NEC also plans to utilize NetSol’s successful technology platform ‘NetSol Financial Suite’ (NFS), to support the lending industry across the Asia Pacific region where it currently manages client portfolios exceeding $100 Billion.

Commenting on the alliance, Koji Oda, Managing Director, NEC India said, “Our partnership with Netsol is of strategic importance to us. Collaborating with NetSol will help us to support the growth plans of our global customers in India and in the APAC region. With this, we also look forward to providing local assistance to NetSol’s existing customers in India.”

On the occasion, Salim Ghauri Chairman & CEO of NetSol Technologies Ltd., President Asia Pacific Region said, “We are pleased to partner with NEC India and initiate this mutual access to wealth of experience and key industry relationships. It is our goal to provide the best in product & services and this partnership will enhance both NEC and NetSol’s mutual position not only in India but throughout the Asia Pacific region.”