Tuesday June 25, 2019
Home Business Modi, Merkel ...

Modi, Merkel to discuss Make in India in Bengaluru

0
//
www.abb.com

NewsGram Staff Writer

Bengaluru: German Chancellor Angela Merkel’s visit to India is expected to boost the strategic partnership that has its root in strong business and economic links. With both leaders expected to discuss initiatives related to skill development, vocational training and Make in India, bilateral trade between both the countries is also expected to increase. Germany, India’s most important trading partner within the European Union and the sixth most important trading partner globally, has always maintained healthy business ties with New Delhi.

Merkel in expected to land in Bengaluru on Monday as part of her three-day visit to India to participate in the third Indo-German Inter-governmental Consultations hosted by Prime Minister Narendra Modi.

On Tuesday, she will visit German engineering major Robert Bosch’s facility in Adugodi that will showcase its key innovative projects and the group’s commitment towards skill development in the country.

Modi will accompany the chancellor during the tour following which both leaders will jointly address a Nasscom forum that will have German and Indian representatives. Both leaders are expected to discuss initiatives related to skill development, vocational training and Make in India. They will also participate in a working lunch with business leaders from India and Germany.

Since 1990, the Indo-German bilateral trade has risen from 2.7 billion Euros to 16 billion Euros in 2014. In the first seven months of this year, it rose by 13 % compared to the previous fiscal.

(With inputs from TOI)

 

Next Story

India’s Cloud Market to hit $7 bn by 2022: Nasscom

The report also draws attention to a few challenges to the growth of Cloud market in India such as data security and lack of Internet infrastructure specially in tier-2 and rural markets of the country

0
IT corridor, india-china
The new corridor will facilitate partnerships between Indian and Chinese firms as part of Nasscom's efforts to evangelise IT development in newer geographies. Pixabay

With increased adoption of futuristic technologies such as Artificial Intelligence (AI) and Machine Learning (ML), the Cloud market in India is poised to grow three-fold to $7.1 billion by 2022, according to a Nasscom report on Tuesday.

In 2018, Cloud spending stood at approximately 6 per cent of the total IT spending, according to the report prepared in collaboration with Google Cloud and Deloitte Touche Tohmatsu India LLP.

“India’s Cloud computing market is poised for growth and the technology is increasingly being embraced across businesses as well as consumers,” Debjani Ghosh, President, Nasscom, said in a statement.

Newly appointed Nasscom Chairman- Rishad Premji.

Globally, the Cloud spending on IT is growing at 16.5 per cent and is expected to touch $345 billion by 2022, said the report titled “Cloud — Next Wave of Growth in India”.

The report highlights that Cloud spending is propelled by factors such as increased awareness of Cloud, consumerisation of IT, proliferation of start-up ecosystem, diverse landscape of supplier ecosystem, rising investments in infrastructure, talent, strategic partnerships and the impetus from key digital-led government programmes.

Also Read- NASA Wants Humans To Reach Mars By 2033

Futuristic technologies such as AI and ML are aiding in the seamless adoption of software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS) offerings, giving a boost to the Cloud market.

The report also draws attention to a few challenges to the growth of Cloud market in India such as data security and lack of Internet infrastructure specially in tier-2 and rural markets of the country. (IANS)