Karnataka - Bangalore   

Bavaria beckons IT firms

Special Correspondent

Bangalore: Bavaria, Germany's biggest State, once again took the opportunity to present itself as a leading European location for ICT business at this year's Bangalore IT.in. Bavaria is the only German State to have a liaison office in Karnataka.

At Friday's workshop "Europe via Munich-market and business opportunities for Indian IT companies in Bavaria," Secretary, Information Technology and Biotechnology, M.K. Shankaralinge Gowda, said with yearly increase in IT-related jobs of 50,000, Bangalore had made it to the top five location for IT business in the world in only a few years. Having a share of roughly six per cent of the global IT market, the prospects for further growth was bright. Mr. Gowda hoped that the ties between Karnataka and Bavaria would be strengthened.

Consul General of the Federal Republic of Germany Heinz Kopp said the ties between India and Germany were over 500 years old.

"It was Bavarians who first made the way to India to initiate trade relationships in 1505. Being the largest and strongest economy in Europe, Germany is a much sought after location for international investment.

Located in the middle of Europe, It is ideal for accessing the 455 million consumers in the European Union. With a GDP per capita of 30,000 euros, Bavaria is way above the average in the European Union," he said.

Over, 1,100 international high-tech companies, 30 of them from India (Wipro, Tooltech, Tatas etc.) have chosen Bavaria to enter the European market.

Over 200 Indian companies have formed joint venture cooperation with Bavarian enterprises.

These economic connections have led to the formation of a strong Indian community in Bavaria, comprising 5,200 Indians, according to John Kottayil, Executive Director of the Bavarian office, in Bangalore.

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