Indian Small and Medium Enterprises (SMEs) in the ICT space are seeking collaborations with companies in the same fields in Singapore and Vietnam to set up manufacturing bases there and jointly develop products for the global markets.

“We are exploring collaborations with SMEs in information and communications technology (ICT) space in Singapore and Vietnam as we believe we can jointly develop products for the global markets”, said Pratap Hegde, leader of the 15-company delegation visiting the two Souheast Asian countries. The delegation is holding series of B2B meetings with Singapore SMEs on October 4-5 and will follow up with meetings in Vietnam on October 6-7.

“There is a wider scope of developing products and services by combining capacities and sharing knowledge,” said Hegde, who is also the Managing Director of Bangalore-based telematics4u Services Pvt Ltd.

Some of the Indian ICT SMEs will also evaluate the potential of setting up manufacturing bases in Vietnam, taking advantage of the low-cost business environment, as well as taking advantage of the advance market drive through Singapore to Southeast Asia and China, added Vikrant Saxena, Senior Manager, Electronics & Computer Software Export Promotion Council of India.

“We see these companies tapping on to the new ideas, innovations, concepts and designs from Singapore and Vietnam, and combine creativity with our own product and software development for international markets,” he elaborated. The delegation will also be inviting IT SMEs from these two countries to participate in India Soft, an IT show to be held in February 13-14 in Hyderabad.

“We will line up 250 companies at India Soft to discuss more collaborations with overseas participants for joint production, design and marketing of new age product and services,” he said.

Source: Money Control

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