Ireland woos Indian IT Inc

Taking a cue from this, the Irish government’s inward investment promotion agency - IDA Ireland is offering a warm welcome to corporate India.

IDA Ireland Director — India Minakshi Batra said “Indian companies are looking at Europe to spread the business. Ireland with its young educated population can offer a new horizon for India. IT is a strong sector in Ireland and Indian product development is moving up the value chain. There is a great potential for companies from the both the countries to tap.”

Indian companies like GTL, Tata Consultancy Services, Patni, Polaris, HCL and SFO Technologies among others have already presence in Ireland. “Ireland is part of European Union and has similar legal system and labour law like India. It is a country with favourable tax structure and can be used as a gateway for companies looking at Europe as a market.”
Ireland believes that partnership in education and research is another way of creating excellence. The University of Dublin College has signed a MoU with IIT in Delhi and IISc Bangalore for various research activities. IDA is also in talks with industry bodies like Nasscom and Assocham for partnership. She said “IDA expects more than $100 million investment from India in couple of years out of which 76 per cent will be in the IT and ITeS space.

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