Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
India : HMFI inks cooperation agreement with ISPIRT
Publish Date : 01-Feb-2014
Global JV Company Hannover Milano Global (HMG)'s Indian arm, Hannover Milano Fairs India Pvt Ltd (HMFI), has announced its strategy for the entry of CeBIT, the world's major Business IT exhibition and conference, to India for the first time.
Reaching a significant landmark in its strategy, HMFI has inked a Memorandum of Understanding (MoU) with iSPIRT, Indian Software Product Industry Round Table, to expand the software development industry in the country and promote the right policy environment towards product entrepreneurship.
In a move towards CeBIT India in November 2014, the memorandum between HMFI and iSPIRT outlines the efforts of the two sides in accomplishing the following goals : 1. Engage with informed buyers from focused industries to demonstrate India's Software Product Development capabilities to customers; 2. The globalization of India as a Product Nation utilizing the CeBIT Global series of events as a platform. A focused, curated pavilion of a number of Indian Software firms will be displayed at CeBIT Germany, 2015, towards this end; 3. These initiatives are also designed to accelerate venture capital and private equity funding.
General manager of Hannover Fairs International GmbH, Andreas Luttmann, said: "We are looking forward to working with the team at iSPIRT to promote the role that India's Software Product ecosystem is going to play in the development of the Global and Indian IT economy. We believe that India's growing economy will propel an increase in local demand, and CeBIT India is an ideal platform to build both local and global opportunities in product development. Deutsche Messe is the benchmark for lead generation worldwide, and we are happy to launch India's first CeBIT in Bangalore, the country's IT capital."
Founder circle member, iSPIRT and partner at Accel Partners, Shekhar Kirani, added : "iSPIRT welcomes CeBIT to India. We have no doubt that the potential that India holds in terms of software products is huge and is growing every day. Facilitating the interaction of buyers and sellers through a well-recognized brand like CeBIT is only going to create further traction and momentum in the market. We look forward to playing an active role in CeBIT and look forward to their events."
