Fabian Demicoli

CII-Europe Business Congregate – New Delhi

1  ‐ 3  September  2010  

The  growing  $1  trillion  economy  of  India  provides opportunities  for  new  partnerships.   Indian  economy  has  shown tremendous  growth  in  sectors  such  as  Information  & communications  Technology,  Energy,  Infrastructure,  Food  Processing, Design,  Clean  &  Green  Technologies,  R&D  &  Education.  The growing  requirement  of  the  country  creates  space  for  fresh investment  in  resource  and  technologies.    

 

There  is  a  felt  need  for  a  platform  that  provides  for   

Strategic  collaborations  between  Indian  and  respective  European  country  industries;  

Fresh  discussions  on  specific  business  opportunities   

information  on  markets  

identification  and  choice  of  cooperation  activities  for  broader  business;  

building  new   partnerships  and  strengthening  existing  ones;  

In  the  backdrop  of  the  above  objectives,  CII  is  initiating  a fresh  engagement  model  with  European  countries title "CII‐Europe  Business  Congregate".    

This series will focus on Indian industry engagement with select European countries at a time. This series will provide a platform where entrepreneurs of Large, Small and Medium industry would explore and identify closer collaboration between businesses including technology transfer, research & innovation and skill development.  

The first in the series this Conference will focus on Albania, Austria, Belgium, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, Greenland, Hungary, Iceland, Lavia, Lithuania, Luxembourg, Malta, Norway, Romania, Serbia, Slovakia, Slovenia and Sweden.  Scheduled  in September  this  conference  will  be  a forum  to  focus on  increasing  business  links  between  India and  the  region.  

These  European  countries  with  high  ICT  adoption,  besides  R&D  investments,  offer  an  untapped  opportunity  for  Indian  companies  as  a  potential  entry  point  to  Europe.   They  are  amongst  the  strongest  European  performers  in  the  area  of  innovations,  adopting  new  technologies  and  R&D.  The  high  degree  of  collaborations  between  universities  and  the  private  sector  in  research  in  these  countries  is  exemplary.

With  the  bilateral  trade  for  2008‐2009  at  US$  21423.76  mil,  which  is  24.81%  of  India's  total  trade  with  all  European  countries,&  a  potential  consumer  base  of  500  mil  in  Europe  and  208  million  consumer  households  in  India  there  is  a  tremendous  potential  to accelerate  the  growth  of  bilateral  trade.

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