Japan's easy green card norm may help Indian IT break into new geography

Japan currently accounts for 2% of the near $110 billion IT services export revenue of Indian firms

The Indian IT services industry expects Japan's proposal to relax residency norms for highly skilled professionals to set a trend of new geographies welcoming Indian talent, potentially offsetting some impact of business slowdown due to the protectionist stance taken by the US.

Japan currently accounts for two per cent of the near $110 billion IT services export revenue of Indian companies.

The new "Japanese Green Card for Highly Skilled Professionals", which is likely to be effective from April this year, comes as "positive vibe" for the Indian IT players at a time when the US has taken a protectionist stance