Norwest Venture Partners has $650 million for Indian IT companies

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Apr20

Norwest Venture Partners has $650 million for Indian IT companies

Razib Ahmed

Know More: ICT, India, India companies, Indian business, Indian companies, Indian economy, Information technology, Infosys, Outsourcing 2.0, Infosys

Norwest Venture Partners (NVP), a leading global venture capital firm, has now $650 million to invest in the global information technology sector. Well, you cannot find a better place to invest than India in IT companies. I was just reading an interview of Promod Haque, Managing Partner of Norwest in The Indian Express in which he said, "As penetration of broadband and wireless increases, we think the Indian market will mimic China." He also stated that NVP preferred Indian based IT companies who wanted to break into the global market. Thus NVP is on the quest of finding and nurturing Indian companies who can emulate the success of Indian giants like TCS, Wipro and Infosysy.

In the last 1 week, I have reported success stories of TCS, Wipro and Infosys. It is natural that now Norwest Venture Partners (NVP) is taking Indian companies very seriously. The market for IT growth is here in India. So, I can confidently say that soon more venture capital (VC) firms will come with their open hands to India.

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