Saturday, 28 September 2019

Growing horizons for Indian IT Industries in Cyprus


26/9/2019

PUNE: Cyprus being a growing Tech hub within the EU is rapidly ranking to be one of the top location for the IT industry in the EU and offers tremendous potential for co-operation not only in the field of digitalization but also in the emerging markets like AI, Big Data, Cloud Computing, Shared Services, Software computing, Banking, FinTech, IoT and many more opportunities.
In the initiative of supporting Indian FDI into Cyprus, Crescendo Worldwide& Invest Cyprus jointly organized the Round Table Event between Indian IT Companies and officials of Invest Cyprus Agency in Pune.

Invest Cyprus is the government’s dedicated partner responsible for attracting and facilitating Foreign Direct Investment (FDI) in key economic sectors like IT/ICT, Energy, Shipping, Tourism & Infrastructure, Education, Manufacturing and many more. Their officials Mrs. Stephanie Panayi, Investment Promotion Officer and George Campanellas, Director General of Invest in Cyprus visited India for these two events organized by Crescendo Worldwide. 

Kaushal Shah Head of FDI- Crescendo Worldwide opened the sessions with his welcome address. India-Cyprus relationship was presented by Vishal Jadhav, President- Crescendo Worldwide. In his presentation, Vishal Jadhav highlighted the opportunities for Indian IT Companies on why Cyprus can be the strategic location for their expansion. Post this Campanellas addressed the Indian companies on the Government support provided by Cyprus and also explained on various Incentives & offers for Indian companies to expand their business in Europe through Cyprus strategically.
Indian companies from Shared services, IT consultation and many other expressed great interests in One to One Discussion round after the event. Few companies were in talks with Invest Cyprus for taking the next step ahead in expanding their horizons in EU market.

Crescendo Worldwide Associate Vice President Sayali Ingawale said,” As a initial step of supporting more Indian companies to Cyprus through this event Its great to see the interest of Indian IT companies especially the startups taking interest to explore the demanding and lucrative EU market through Cyprus and also Invest Cyprus bridging the gap for Indian companies by providing One stop shop solution for Foreign Direct Investment in Cyprus. Crescendo Worldwide will also support other interested Indian companies for expanding in EU.” 

In the concluding ceremony Crescendo Worldwide offered the handholding to these Indian companies by assisting their next level of discussion with Invest Cyprus. For Indian companies to penetrate European Industries in terms of Virtual Office Setup, Near shoring center for serving other major markets in EU & Middle East, Cyprus provides an excellent base for Business.

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