(From The Economic Times)
Byline: R Subramanyam
Towards the mid- and end of 1990, most leading domestic software exporters - not wanting to be wholly dependent on the US for business - stepped up their focus on other markets. Prominent among those markets was Japan. As the world's second largest economy - and quite IT-savvy that too - Japan promised great potential for Indian software vendors.
Infosys, for instance, focused on JASDIC Park Company, created in collaboration by three Japanese firms and three Indian companies in 1997. Japan's popular management strategist Kenichi Ohmae was instrumental in creating JASDIC Park whose mission was to facilitate relationship between India and Japan.
Infosys picked up a 12.5% stake for Rs 0.75 crore in JASDIC, which it subsequently wrote off when business …