Israeli IT firms keen on India for biz

By agencies   |   Wednesday, 11 May 2005, 19:30 IST
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HERZLIYA: (Israel): Underlining the advantages of outsourcing to India, executives of global hi-tech firms here have said the country is the most preferred destination for doing business in the IT sector. "India has everything that a multinational needs. It is a young country with creative minds and a huge market with almost 27 cities with more than a million population," Chairman of AON Global, Simon Wasserman, said at an "India Conference on outsourcing" aimed at familiarizing Israeli businesses with economic operations in India. He said India would overtake Japan in GDP in 2030 and become the biggest economy in the world in 2050. Atsmon Group Ltd, an Israeli compensations and benefits consultancy, organized the conference in which senior executives from Intel, AON Global, BMC and Comverse made presentations touching upon various aspects of doing business with India from their personal experiences. Representatives of some 60 Israeli companies attended the conference. "We have realized that opening operations in India is becoming more and more relevant during our interaction with our clients. The response to the conference was overwhelming," CEO of Atsmon, Tali Atsmon, said. The Indian Ambassador to Israel, Arun Kumar Singh, who inaugurated the conference, touched upon at length the growing IT sector in India and the initiatives taken by the Government to catalyze the growth.

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