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India signs MoU with German IT major

India signs MoU with German IT major
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First Published: Thu, Mar 22 2007. 01 23 PM IST
Updated: Thu, Mar 22 2007. 01 23 PM IST
PTI
Hannover: The Electronics and Computer Software Export Promotion Council (ESC) of India has signed a Memorandum of Understanding with Hannover IT, an organization for promoting the development of information technology.
ESC Executive Director D K Sareen and Hannover IT Managing Director Fran Steinlein inked the MoU yesterday 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.
Sareen 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 interaction between IT communities of the two nations.
Plans include holding a buyer-seller meet in Germany and the mounting of an IT delegation from Hannover to India later this year.
The MoU will lay the foundation for fostering cooperation between the rapidly expanding software and IT sector in India and Hannover region, which has the potential to become a leading European hub of information and communications technology.
With 1,200 companies and 23,600 employees from all IT areas, Hannover is one of the largest IT locations in Germany. It provides a gateway for Indian companies to the European market through the German-Indian Business Centre (GIBC), which supports Indian enterprises in locating business activities in the Hannover region.
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First Published: Thu, Mar 22 2007. 01 23 PM IST
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