Nasscom, FT link up to host India-Europe IT summit

Our eFE Bureau in New Delhi

National Association of Software and Service Companies (Nasscom) has joined hands with the leading European business daily, Financial Times, to organise a joint India-Europe IT Summit in London on October 23.

The event, according to Nasscom, will focus on identifying new business opportunites in Europe and showcasing India’s potential in undertaking outsourcing business.

The one-day summit, which will be targeted at the decision-makers of European companies, will be inaugurated by UK minister for e-commerce, Mr Douglas alexander. Around 50 Indian software and information technology- enabled service companies are expected to take part in the summit, claimed Nasscom. “Europe is the second-largest information and communication technology market with 29 per cent share after US and the country is going at a pace above the world average. There is a huge untapped potential in the areas of information technology and e-business that can be outsourced to India,” said Nasscom chairman Phiroz Vandrevala, on Wednesday.

The theme of the summit would be “Outsourcing from India—setting a course for value”, aimed at highlighting cost-effective IT outsourcing capability of India. “Some of the focus areas would include Europe’s need for IT solutions and India’s advantage in terms of infrastructure and skilled human resource,” Mr Vandrevala added.