Ireland beckons Kerala IT Companies to set shop there

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Trivandrum: A trade delegation from the European nation of Ireland, led by their Ambassador to India and representatives from their Investment & Development Agency (IDA) and Enterprise Ireland, was in Trivandrum earlier this week. This was part of a series of road-shows across four cites to make Indian business aware of opportunities in Ireland. In a similar exercise, CEOs of Irish companies in India will also appraise the business community in Ireland about opportunities available in India.

The delegation had meetings with the Chief Minister and other officials in the State Government and also visited the Technopark here. Later, the team also participated in an interactive session with GTech, the Group of Technology Companies in Kerala, to identify areas of collaboration between companies in Ireland and Kerala and build partnerships.

In his address, Feilim McLaughlin, Ambassador to India said, “Ireland has piggybacked an EU-sponsored bailout package to turn around its recession-hit economy. The economy has regained the competitiveness that it had lost and now it is the right time to invest in Ireland. We have become a cheaper place to do business in the EU. We always had an attractive taxation regime and skill base. Ireland is a knowledge based economy and is specialised in high tech areas of IT, pharmaceutical, life sciences and others.”

Brian Conroy, Director – Asia Pacific, IDA said, “Ireland has a favourable business environment regardless of the economic problems. The Irish government is the largest provider of venture capital in the EU and is proactive in attracting investment. There is no better place to do business in Europe. With its focus on technology and a growth-oriented industrial ecosystem, Ireland could be a gateway for Indian business to the European market. Ireland offers a comprehensive RD&I ecosystem and we are one of the largest exporters of IP in the world.”

Patrick O’Riordan, Director – India, Enterprise Ireland, “We have an open innovative entrepreneurial economy with strong indigenous companies serving global markets. The low tax policy of just 12.5% and flexibility of labour laws should be the biggest incentive to for Indian companies to set shop there. Moreover, the familiarity with English language and the industrial ecosystem were obvious reasons for promoting better ties between the two countries.”

Minakshi Batra, Director, India, IDE also participated in the discussions and gave insights about doing business in Ireland. About 50 CXOs and top Management Executives attended the session.

Kerala IT News

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