In a yet another ongoing initiative to explore new geographies, NASSCOM recently organized a delegation to the UK, both to tap the local market and to look at the territory as a gateway to the rest of Europe. The visit, which took place between October 13 & 17, 2008, was in response to an invitation extended by Intellect, UK’s IT association, which had toured India with its own delegation of eleven companies earlier.
The NASSCOM delegation of emerging companies visited three cities – London, Glasgow and Dublin – and came back with a better insight into doing business in the UK and Europe. It also provided these participants with networking opportunities with companies, government agencies and other support service providers.
In Glasgow, the delegation met the Scottish Development International. In Dublin, the Industrial Development Agency (IDA) was the anchor agency which arranged meetings with the Irish Software Association and Enterprise Ireland, as well as a networking session with Irish companies. In London, the UK IT association, Intellect, played host. The UK Trade and Investment (UKTI) made a presentation on the ICT market in the UK, with practical tips on gaining access into London/UK markets, how to do business there and on where to start. The delegation met a human resources firm, a law firm and an immigration firm – all essential for companies trying to set up offices in the UK. A subsequent speed dating session allowed NASSCOM delegates to meet 22 UK companies one-on-one. At a special visit to the London Stock Exchange (LSE), courtesy Intellect, the Indian delegation viewed a presentation on how small and medium companies could list on LSE’s AIM to raise capital.
Mukesh Sharma, the Chief Executive Officer of QA InfoTech was one of the eminent delegates to this event. He shared with other delegates and representatives his experiences as an entrepreneur. He also highlighted the challenges that the software industry in India faces in light of the economic depression which is setting in day by day. Some of the other eminent delegates from the industry were: Mr. M.J.Sivakumar – CEO Sundaram InfoTech, Mr. Stephen Whyte – Business Development Director (Europe) – Naturesoft Private Ltd., Manjunath M Gowda – CEO – S7 Software Solutions Pvt Ltd. Overall, the event witnessed a high level of participation from noted CEOs and regional heads of top IT companies. All panelists expressed their willingness to support NASSCOM in any efforts to help Indian IT Industry. At the end of the visit, delegates appreciated the briefing session before the visit as it helped set their expectations. An important feedback, which was taken note of, is that NASSCOM should schedule a debrief as well at the end of the trip.