Apr. 19, 2012
NTT DATA Corporation
NTT DATA Corporation has decided to establish a subsidiary in Myanmar, a country with a large potential for economic development. NTT DATA and its subsidiary NTT DATA Asia Pacific Pte. Ltd. (President and CEO: Ryoji Fukaya; Head office: Singapore) will jointly own the new company. With preparations for application for incorporation already underway, we plan to submit an application in mid-May and establish the company in September. The new subsidiary is expected to start operations by the end of this fiscal year.
Background and objective
NTT DATA is expanding offshore development sites for Japan in China, India, and Vietnam. Recognizing the large IT-related potential of Myanmar, which has made significant progress in democratization recently, we have decided to establish a business base in Myanmar. We believe that the country has many advantages as an offshore development center for Japan, such as being more cost competitive than China and India, the availability of ample human resources of high quality, and linguistic similarity between Burmese and Japanese.
Upon establishment of an offshore development site in Myanmar, we will create jobs by employing local people, contribute to the development of IT professionals in collaboration with a local computer college, and help Myanmar modernize and expand its economy.
The new subsidiary will be our offshore development center that mainly carries out software development projects outsourced from Japan. Beyond that, the company looks to provide support for Japanese companies operating in Myanmar and launch business directed at local financial institutions and government and public agencies, based on NTT DATA’s track record in Japan.
Profile of the new subsidiary
1 Company name, location, and representative
Company name: NTT DATA Myanmar Co., Ltd.
Location: Yangon, Myanmar
2 Business description
System design and development
NTT DATA Asia Pacific Pte. Ltd. 99%
NTT DATA Corporation 1%
Slated in September 2012
5 Number of employees
Approximately 50 at startup; expected to reach about 500 in five years
For more information, please contact:
NTT DATA Corporation
Public Relations Department