When we talk about India, it is not less than any other company. It also exports its Software to Germany, In short, there are many of the Indian software companies in Germany. It is basically a profitable undertaking between the two countries which are Germany and India. This Indo-German Trade relation was established in the year 2005.
Indian IT exports to Germany:
Indian IT export was started to Germany after the USA exporting. Indian Software firms started after looking beyond to the internal limitations. To other European countries for the further expanding of the companies and firms. A huge chance comes in Germany for them because European country accounts for almost only 2.8% of the export of Indian software. One of the companies known as Hexaware is in wait to grab this opportunity as soon as possible. At the start of 2004, 25% of the incomes from the market of Europe and 15 to 20 % was contributed from the German unit of Hexaware. And now if we look some of the clients in Hexaware like Citibank, Deutsche are hired in Germany.
Products which are under Indian IT exports to Germany:
India has got a platform to show the huge possible in Germany as a highly competitive supplier of technology. India is also a very strong and powerful center for the development and research. They not only provide the software for computers and exporting services to other states, India is getting respect and importance in many of the new services like packaged software application, IT consulting, mixing of the systems and many more things.
Factors which are enabling the growth of the Indian IT exports to Germany:
Many of the things, factors are required for the increase, successful and expanding of any product. company or it can be anything. And as we are talking about the IT exports from India to Germany many factors are being observed and needed for the growth.
Some of the factors which enable the growth of the It exports of India to Germany which are:
- Increasing of the specialization.
- The presence of the large section of low cost.
- Skilled and experience workers.
- Fluent English speaking workers.
Apart from all these factors, on the other hand, the rise in the demand of consumers from other countries and states who are interested in the India’s software products and they want these products to be export in Germany and because of all this foreign countries are looking to outsource their processes the Indian software companies flourish.
Recent Increase in the Indian IT exports to the Germany is because of the benefits, as these exports don’t need the purchase of the Hardware of Software from the Indian Company or the provision of any significant technology organization within the country. Furthermore, onsite exports are created on the links with the collaboration of foreigners, they don’t want that the standard of financing and marketing as race within the open market would.