BVMW and NASSCOM sign memorandum of understanding to deepen cooperation

India

The German Association for Small and Medium-sized Businesses (BVMW) and the largest Indian software association, National Association of Software and Service Companies (NASSCOM), signed a memorandum of understanding (MoU) on 1 June. Thereby, they agreed to jointly promote economic relations between India and Germany.

The signed MoU strengthens the Indo-German partnership. © BVMW

At a joint event at Hannover Messe 2022, BVMW and NASSCOM signed a memorandum of understanding to deepen their cooperation. They aim to further expand bilateral trade and business relations between Indian IT companies and German small and medium-sized enterprises (SMEs). With the signing of the MoU, the already existing cooperation between the associations was cast into an official partnership.

The two associations plan to actively promote investments, joint ventures and the exchange of business delegations. They also plan to jointly organise activities such as seminars, conferences and trade fair exhibitions in India and Germany. The goal is to create strong links between both organisations for business cooperations in the field of digital technologies. The collaboration will enable German and Indian companies to interact closely and encourage them to expand their digital business in the partner country.

The Chairman of the Federal Executive Board of BVMW, Markus Jerger, assessed the new cooperation as an important step towards a sustainable relationship between German SMEs and the Indian IT sector. Debjani Ghosh, President of NASSCOM, emphasised the strong win-win partnership at eye level.

Exchange on Indo-German partnership in digital transformation

The experts highlighted the great potential of the Indo-German cooperation. © Digital Dialogues-GIZ

The signing of the MoU was embedded in an exchange event entitled "Digital transformation journey, made easier by Indo-German partnership" at this year's Hannover Messe. It was hosted by the Indo-German Digital Dialogue of the German Federal Ministry for Digital and Transport (BMDV) as well as NASSCOM and BVMW. The Indo-German Digital Dialogue between BMDV and the Indian Ministry of Electronics and IT (MeitY) sets the framework for the cooperation between NASSCOM and BVMW. In addition to the government dialogue, it also serves as an exchange platform for German and Indian businesses, associations and scientific institutions.

High-ranking political representatives such as Parvathaneni Harish, Ambassador of India to Germany, and Benjamin Brake, Director General Digital and Data Policy at BMDV, attended the event. In keynote presentations and a panel discussion, the invited experts highlighted that German and Indian companies can complement each other and learn from each other. To bring innovative products and solutions to the global market, the partnership of both countries is of great advantage.

The Indo-German Digital Dialogue promotes the exchange of German and Indian stakeholders. Politicians as well as industry associations, companies and start-ups can propose cooperation topics. The dialogue’s aim is to shape favourable framework conditions for the digital transformation of both economies. Do not hesitate to contact us to learn more.

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