India an emerging power in the Global Market says Luxembourg Minister of Economy and Foreign Trade.
India is not only a major emerging power in the Global market but also the most interesting markets for European Companies said Mr. Jeannot Kreck’e , Minister of the Economy and Foreign Trade , Luxembourg while interacting with the Industry during a session organised by the Confederation of Indian Industry (CII) in Bangalore. Urging the industry to look into new frontiers in investment, Mr. Kreck’e added that Luxembourg provided the ideal investment destination for the Indian Industry with quality education, a technologically enabled vibrant growth environment and skilled workforce. Stressing on the increased bilateral cooperation between India and Luxembourg, the trade Minister suggested that Globalization has given opportunities for both the countries to work together.
Identifying the sectors of cooperation, the Minister said that Software applications in the financial sector is one area which has not been tapped by the Indian IT companies and added that Tata Consultancy Services was the first Indian company to locate in Luxembourg and take advantage of this market. Laying emphasis on the benefits of being listed in the Luxembourg Stock Exchange through Global Depository Receipts, this will entail access to a huge Euro Zone capital with 1900 billion euros in net assets. Calling for enhanced bilateral trade and economic cooperation between the two countries, the Minister said that logistics, Health technologies, Medical Devices and technology for efficient use of energy will drive the anticipated economic cooperation between the two countries. The Minister also said that the final text of the double Taxation avoidance agreement between India and Luxembourg has been agreed during his interaction with the Finance Minister Mr. P. Chidambaram
Praising Bangalore as a city of innovators, creative minds and entrepreneurs, Mr. Kreck’e said that Bangalore reminisces of Luxembourg with its lush green environment.
India is not only a major emerging power in the Global market but also the most interesting markets for European Companies said Mr. Jeannot Kreck’e , Minister of the Economy and Foreign Trade , Luxembourg while interacting with the Industry during a session organised by the Confederation of Indian Industry (CII) in Bangalore. Urging the industry to look into new frontiers in investment, Mr. Kreck’e added that Luxembourg provided the ideal investment destination for the Indian Industry with quality education, a technologically enabled vibrant growth environment and skilled workforce. Stressing on the increased bilateral cooperation between India and Luxembourg, the trade Minister suggested that Globalization has given opportunities for both the countries to work together.
Identifying the sectors of cooperation, the Minister said that Software applications in the financial sector is one area which has not been tapped by the Indian IT companies and added that Tata Consultancy Services was the first Indian company to locate in Luxembourg and take advantage of this market. Laying emphasis on the benefits of being listed in the Luxembourg Stock Exchange through Global Depository Receipts, this will entail access to a huge Euro Zone capital with 1900 billion euros in net assets. Calling for enhanced bilateral trade and economic cooperation between the two countries, the Minister said that logistics, Health technologies, Medical Devices and technology for efficient use of energy will drive the anticipated economic cooperation between the two countries. The Minister also said that the final text of the double Taxation avoidance agreement between India and Luxembourg has been agreed during his interaction with the Finance Minister Mr. P. Chidambaram
Praising Bangalore as a city of innovators, creative minds and entrepreneurs, Mr. Kreck’e said that Bangalore reminisces of Luxembourg with its lush green environment.
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