IT, ITeS hold promise for India-central Europe partnerships

New Delhi, Oct 6 (IANS) The IT and ITeS sector has the potential to unfold major cross-border partnerships between India and central European economies, a report said here on Tuesday.

“The key sector where India-central Europe business partnerships and collaborations will gain significance is IT and ITeS sector,” the report — India and Central Europe: Harnessing Business Complementaries — compiled by the Federation of Indian Chambers of Commerce and Industry (Ficci) said.

“The size of the strategically located Turkish IT market is forecast to increase from $7.9 billion in 2012 to $14.4 billion by 2016, making it one of the fastest growing in emerging Europe,” it said.

“A dedicated talent exchange programme for transfer of skills between India and Turkey will also be initiated as part of the overall plans. Indian companies would do well to note that while the large companies in Turkey have planned and invested in ITeS, the SME sector could offer new business opportunities,” it added.

In keeping with India’s core strengths in the IT and ITeS space, major Indian firms in that space are scouting for business opportunities in the central European region.

“A few such ventures have already gained great traction. There are indications that eastern Europe is fast becoming a go-to location for Indian IT players both for talent and for the captives that dot the region,” it added.

Investment ties are also deepening in the pharma space. For instance, Romania is one of the foremost central European countries to deepen partnerships with the Indian pharma industry for research and development of new drugs.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here