Germany as investment destination for Indian IT companies
Flush with cash, German companies are increasing their budgets for full service IT providers, according to recent studies. At this year’s NASSCOM India Leadership Forum 2012 from 14 - 16 February in Mumbai, Germany Trade & Invest has representatives 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 16 February.
In 2010, Germany exported over nine billion euros in goods to India and imported more than six billion euros. Every fourth acquisition in Germany is by an Indian. Currently there are approximately 280 Indian companies, employing about 13,000 people, active in Germany.
