Japanese Investment Firm to Invest in Pakistan’s Tech Sector
In response to the expanding potential and expansion in Pakistan’s tech sector, a Japanese company has launched its investment arm there.
Business Recorder said that Tokyo-based Bold Investment will focus on the tech industry and support operations ramping up in addition to its investments and acquisitions. Its expanded managerial responsibilities will be a result of its background in starting, growing, and turning around diverse ventures. Ogitsu Co., Ltd. and six of its group firms in Japan were purchased by ITL Holdings Co., Ltd., a member of the Bold investment group, in March 2021.
Read More: IT Ministry to Train 15,000 Pakistanis in New Technologies
The group claimed that mergers and acquisitions, a business strategy that most people think has not yet taken off in the nation, remain an essential component of the commercial world. According to the organisation, businesses founded by devoted entrepreneurs with a solid basis will continue to be the focus of acquisition and investing.
“As an international corporate development group, we see great potential in the Pakistani market to work with tech entrepreneurs and companies to create a long-term relationship for a fast-paced growth,” said Casey Shiga, who oversees Bold Investment’s International Merger and Acquisition Division.
As Pakistan works towards modernising its digital sector, Bold Investments’ presence is anticipated to offer entrepreneurs a viable finance and exit alternative. The country’s digital adoption, which has seen cellular subscribers exceed 183 million and broadband/mobile broadband penetration move over 43%, has led to its IT exports alone crossing the $2 billion mark.
In Japan, the UK, and Asia, Bold Investment has made investments and purchased businesses all around the world. After entering Pakistan, the group wants to actively stimulate the country’s M&A market.
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