India Incorporated


India Inc India Inc: Friday, 14 January 2011 17:00

Indian IT sets agenda for Technology World Show

ian_gomes_mainIndia's £30 billion IT industry is on a mission to attract UK companies to join the country's information technology revolution.

Indian IT firms, which rely on the US for 60 per cent of their revenue, are looking to decrease their revenue reliance on America and increase their business in Europe. At present only 20 per cent of their revenue comes from Europe.

Ian Gomes, partner and chairman of high growth markets at KPMG, said: "India remains the nerve centre of IT growth despite tough competition and the time is right to tap into the potential of tie-ups with UK companies."

India's minister of state for IT and Communications Sachin Pilot was in London in October 2010 to participate in the Technology World show. While he had to cut short his visit to fly back to New·Delhi, other key members of his delegation·conducted a tour of technological hubs like Ipswich, Cambridge and Manchester.·The UK India Business Council (UKIBC) led initiative includes·members of the India Semiconductor Association (ISA) and·National Association of Software and Services Companies (NASSCOM).

UKIBC chair Patricia Hewitt said: "Because both India and Britain have great strengths in IT services and digital media, a closer partnership will be a win for both countries. While India's IT sector is renowned worldwide, Britain's world-leading technology is not always as well known. This visit will be an opportunity to showcase Britain's outstanding academic research and leading companies, large and small, and to encourage more partnerships between Indian and British entrepreneurs."

The unparalleled growth in the Indian IT, digital media and electronics sectors has created immense opportunities for British companies to do business with India. While there has been some success, there is enormous untapped opportunity. In order to help UK companies access that opportunity, UKIBC launched the UK India Technology Forum along with UK Trade and Investment (UKTI) in September 2010.··It aims to reach out to companies in fields as varied as computer games, film post-production, specialist software.

Welcoming the delegation to BT's R&D centre at Adastral Park, BT chairman Sir Mike Rake said:"'The relationship between India and the UK is very important at multiple levels, including the trade and growth agendas. BT has a large footprint in India working with the vibrant Indian communications and technology sector, and serving multinational businesses within India; and also seeking better to serve Indian multinationals as they go global. Further developing the structures for business and technology cooperation, and for exchange of best practice, is extremely valuable."

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

STRAIGHT TALK

 

Shades of Money

a singh

A view on policy matters with Ridhika Batra - Bridging the London-Delhi corridor
Read More...
  NeishaaGharat

Ideas on inclusive growth & CSR with Neishaa Gharat - Navigating models of microfinance
Read More...

The Balance Sheet

 

Full Circle

 Vyakarnam Taking stock of India with Pratik Dattani - The amble, trot and gallop: India's education growth story
Read More...
  Vyakarnam

Politico-economic ride with Anjalika Bardalai - Why the Novartis ruling goes far beyond pharma
Read More...

Tech Speak

 

FACE to FACE

alpesh Business of technology with Nitin Dahad - India’s tech cities and innovation ecosystems: are they nearly there yet?
Read More...
  shiv In conversation with Shiv Morjaria - Lord Raj Loomba on philanthropy and entrepreneurship
Read More...

POLITICS OF BUSINESS

 

GLOBALLY SPEAKING

alpesh A dealmaker's eye on India with Alpesh Patel - Indian companies and the businessperson – Don't let the witch hunt put you off setting up in Britain
Read More...
  manoj_l_new Views on trade and investment with Manoj Ladwa - Modi-Mood in London
Read More...

ENTERPRISING

 

 REALTY CORNER

alpesh An academic view of entrepreneurship with Shai Vyakarnam - Mistakes companies make going into India
Read More...
   dvarghese 62x62 Analysis with Deepak Varghese - Indian Cabinet clears the Real Estate Regulation Bill
Read More...

Contact us

Email This email address is being protected from spambots. You need JavaScript enabled to view it.