10/11/2023
Over 60 enthusiastic participants attended an enlightening evening session organized by Indian Business Chambers of Luxembourg (IBCL) on Tuesday, November 7th at the Auditorium at EY premises. The event brought Embassy of India, Businesses in Luxembourg together to discuss the evolution of talent & Technology in India and the potential partnerships between India and Luxembourg.
The event began with an engaging keynote speech by Mr. Chris Hollifield, the Head of Business Development at Luxembourg for Finance (LFF) highlighting the technological evolution in areas such as Fintech, payments, etc. in emerging markets such as India- which is leap frogging in the Digital world.
Mr. Ashok Kumar, an advisor, and Head of Industry and Engineering from Embassy of India in Brussels followed with his informative presentation that shed light on the policies adopted in India, which could directly benefit Luxembourg, sharing applications from both, urban and rural India.
Lastly, a diverse panel representing various industries which included Anjani Ladia (Head of Business Control at Q-EQ), Pranjul Shah (Responsible for University of Luxembourg, Incubator, Inventor, Entrepreneur, Educator), Lokdeep Singh (CEO of Talkwalker), and Manoj Kumar (CIO of Aperam), engaged in a compelling discussion providing significant insights such as the following: -
· India's talent pool in software engineering, data science, and AI can be leveraged to drive both innovation beyond just cost optimization.
· While initiatives to foster talent in Luxembourg have helped, corporates need to promote and create awareness to drive further growth opportunities.
· The key aspects that need to be addressed while offshoring include cultural alignment, understanding EU regulations, and aligning ways of working through sufficient training
· Universities and incubators partnering with academic institutions and research centres in India, such as those with IITs, can enable stronger partnerships on talent development between India and Luxembourg.
· Partnering with incubators in India and establishing start-ups' offices in Luxembourg can provide significant growth opportunities for entrepreneurs in both countries.
· Technology partnerships with India can address business challenges in process improvements, innovation, and creating a centre of excellence.
Mr. Perses Bilimoria, Honorary Consulate of the Grand Duchy of Luxembourg in Mumbai was also present for the event, and he gave his perspective on the collaboration between Luxembourg and India.
The IBCL event was well appreciated by the audience, which gave Indian Diaspora as well as Business in Luxembourg to connect and exchange and find some common initiatives. IBCL looks forward to organizing more initiatives in future in Luxembourg and will be also planning some Trade delegations in India to promote Luxembourg as Bilateral chamber.
If you are keen to join such initiatives, please reach out at [email protected]