NECTI invests in CSC SPV

NEC Technologies India (NECTI), a wholly owned subsidiary of NEC has announced an equity investment in CSC SPV to become the third biggest shareholder.

The strategic alliance between NEC and CSC e-Governance Services India will help in jointly developing and delivering new digital services to 900 million citizens living in rural areas of India.

With more than 470,000 transactions occurring at CSCs across India every day, CSC will be able to launch, refine and tweak the variety and efficiency of services on offer by leveraging NEC’s expertise in areas such as AI and data analytics. AI and data analytics driven initiatives will improve service experience across various sectors, including finance, education and healthcare, among others.

Takayuki Inaba, Managing Director, NEC Technologies India said, “With this strategic alliance, our innovative technologies will unlock new opportunities and bring additional value to citizens, CSC operators as well as CSC SPV.”

Dr. Dinesh Kumar Tyagi, CEO, CSC SPV said, “The association with NECTI will help in utilising technologies for delivery of various services to citizens, especially those living in rural India. Education, financial inclusion and telemedicine are the areas where innovative technologies can be utilised to improve the quality of life for people living in rural India.”

NECTI and CSC SPV had previously worked together with leading Indian banks to provide financial inclusion services for residents who are out of coverage from traditional bank branches and ATMs.

 

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