Bavaria seeks investments from Indian IT, BPO sectors

MUMBAI: The largest federal state of Germany Bavaria is wooing Indian IT, IT-enabled Services and Business Process Outsourcing (BPO) sectors to invest and set up base in the state.
"Munich, the capital of Bavaria, is considered as the ''Silicon Valley of Europe'' and is ranked as the fourth high-tech centre in the world, after Silicon Valley, Boston and Tel Aviv," Bovaria head (international operations) Peter Englert told reporters here on Friday.
Bovaria is the inward investment agency for media, information and communication industries of Bovaria.
Bovaria, through the investment agency, is planning to conduct a series of seminars and workshops in the country to showcase the potential of the state to the Indian IT and ITeS firms, he said.
The company had shorlisted Mumbai, Delhi, Hyderabad, Chennai and Bangalore for the seminars, which would be extended to other parts of the country, he said.
As many as 13 Indian companies, including Satyam, NIIT, Aftek Infosys Ltd and Tooltech Software (India) Ltd have already set up bases in the country, and 15 other Indian firms have evinced interest in the state, he added.
However, he declined to name the 15 companies, citing a non-disclosure agreement.
"The state, with over 20,000 IT companies and 2.4 lakh employees in multimedia and IT sector has the largest cluster of IT companies in Europe, with major US companies like IBM, Microsoft, Sun and Lucent Technologies," he said.