Amid opposition to
business process outsourcing in Europe and the United States,
a senior EU official has urged "Indian talents" to exploit the
huge potential offered by the BPO market for IT & allied
services in the European countries.
Prof Dr Tilag Viegas of
the Directorate of the European Commission said that India,
under EU's most important programme for research cooperation,
was one of the major beneficiaries and the country should " exploit
the opportunities posed by EU in the field of
biotechnology, bioinformatics, genomics research,
nanotechnology as also the huge potential offered by the BPO
market for IT & allied services".
Recognising the need for a
joint effort to tap the potential for substantially enhancing
the current low levels of trade and investment, he said India
and EU would focus on sectors considered important to
potential investors and traders.
Speaking at a seminar on '
Unlimited ' in Brussels last week, Dr Viegas said, "the EU
has reserved a 315 million pounds budget for participation of
targeted countries and India
is one of the major beneficiaries."
He also said that India
has already signed on to be a stakeholder in the Galileo
system to the tune of about $300 million. Galileo, a joint
venture between the EU and the European Space Agency, is
expected to out-perform the American GPS.
The seminar, aimed to
generate awareness amongst the European community about the
dynamism of the Indian economy and the new investment
opportunities was organised by Global Organization of People
of Indian Origin (Gopio), Belgium, in association with the
According to Gopio
officials the seminar assumed significance as never before had
any organisation dedicated to the interest of non-resident
Indians and People
of Indian Origin living in Belgium organised such an event
to promote development and bring investment into India.
participants, Gopio Belgium President Sunil Prasad said that
India has rapidly moved up into the rank of the front runners
of the rapidly growing Asia Pacific Region and has unleashed
the latent strength of a complex and rapidly changing nation.