IT Companies Profit from German Business Boom

BERLIN and MUMBAI, February 13, 2012 /PRNewswire/ --

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 foreign markets.

Germany Trade & Invest
Andreas Bilfinger
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