Indian, German IT companies ink MoU | business | Hindustan Times
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Indian, German IT companies ink MoU

Electronics and Computer Software Export Promotion Council (ESC) of India has signed a Memorandum of Understanding with Hannover IT, an organisation for promoting the development of information technology here.

business Updated: Mar 22, 2007 14:07 IST

The Electronics and Computer Software Export Promotion Council (ESC) of India has signed a Memorandum of Understanding with Hannover IT, an organisation for promoting the development of information technology here.

ESC Executive Director DK Sareen and Hannover IT Managing Director Fran Steinlein inked the MoU on Wednesday at CeBIT, the world's largest computer and IT fair.

India also launched a major export offensive for its computer software, IT enabled services, electronic products and telecommunication equipments at the fair.

Sareen said he was hopeful that Indian IT software and service firms would benefit from the MoU as it envisaged exchange of delegations, support for participation in trade fairs, conferences and other events which will foster the interaction between the IT communities of the two nations.

There are plans to organise a buyer-seller-meet in Germany and to send an IT delegation from Hannover to India later this year, Sareen said.

He said the MoU was significant as it laid the foundation for fostering cooperation between the rapidly expanding software and IT sector in India and the Hannover region, which has the potential to become a leading European hub of information and communications technology.

With about 1,200 companies and 23,600 employees from all IT areas, Hannover is already one of the largest IT locations in Germany, he added.

Hannover also provides a gateway for Indian companies to the European market through the German-Indian Business Center (GIBC), which supports Indian enterprises in locating business activities in the Hannover region.