NASSCOM India Leadership Forum 2012
Siemens awarded a multibillion dollar IT contract to Atos at the end of
last year, a potent symbol for companies looking to profit from Germany's
economic boom. Flush with cash, German companies are increasing their budgets
for full service IT providers, according to recent studies. This creates ample
opportunities for businesses that choose to locate in Germany. Germany Trade &
Invest will have representatives at this year's NASSCOM India Leadership Forum
2012 from February 14-16 in Mumbai to share the latest opportunities for
India's IT enterprises in Germany.
"Indian companies are increasingly realizing that Germany is a critical
destination for investment. Germany's economic strength, business-friendly
conditions, and top communications and transport infrastructure make it a
logical destination for Indian IT and software companies," said Asha-Maria
Sharma, Germany Trade & Invest representative in Mumbai.
Cooperation between the two countries is in the limelight this year, as the
Germany & India: Infinite Opportunities celebrations mark 60 years of
diplomatic relations between the two nations. Last month, Germany Trade &
Invest held two automotive industry investor events in Mumbai and Chennai in
order to meet growing investor interest in Europe's largest market. At this
year's NASSCOM, Germany Trade & Invest - in cooperation with BITKOM, the German
Industry Association for Information Technologies, Telecommunications and New
Media - continues its bilateral efforts with the "Innovation Next - Teaming
India and Germany" seminar on February 16.
In 2010, Germany exported over EUR 9 billion in goods to India and imported
more than EUR 6 billion. Currently there are approximately 280 Indian companies
with several thousand employees active in Germany.
Germany Trade & Invest is the foreign trade and inward investment promotion
agency of the Federal Republic of Germany. The organization advises foreign
companies looking to expand their business activities in the German market. It
provides information on foreign trade to German companies that seek to enter
Germany Trade & Invest, Andreas Bilfinger, Email: email@example.com,
T: +49(0)30 200099-173, F: +49(0)30 200099-511, http://www.gtai.com,
Source: Germany Trade and Invest