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IT-Andhra Pradesh, India
Hyderabad experts to help build Iran's Internet city
by Mohammed Shafeeq, India Abroad News Service
Hyderabad, Feb 23 - Software exporters from Hyderabad will soon be sent to
Iran to help build and develop a proposed Internet city in Tehran and to
develop that country's software industry.
A memorandum of understanding (MOU) to this effect has been signed between
the Hyderabad Software Exporters Association (HYSEA) and the Industrial
Development and Renovation Organization of Iran (IDRO).
HYSEA is an association of software exporters based at Hyderabad and IDRO an
umbrella organization of 128 companies in Iran.
"The cooperation with Iran will throw open the vast market in the Middle
East for Indian IT companies," J.N. Chowdary, HYSEA president, told
reporters here after signing the pact with IDRO vice president Asghar
Ebrahimi.
Chowdary said the HYSEA was exploring markets to eliminate any kind of risk
in view of the slowdown in U.S economy, adding that the HYSEA had recently
opened its office in Japan and would be signing two more MOUs with the
Singapore Chinese Industry Association and Malaysian Multimedia Corporation
soon.
Ebrahimi said the IDRO was mainly involved with automobile and ship
manufacturing, design and development of refineries and petrochemicals. He
said the IDRO was in the process of reducing its dependency on oil, gas and
other natural resources and focusing on using human resources.
Under the HYSE-IRDO pact, Hyderabad-based software companies will also be
invited to set up their units at the proposed Internet city, which will come
on 125 acres of land. Initially the city will have 50 units, both domestic
and foreign.
The MoU will facilitate joint ventures between software companies of India
and Iran. To begin with, HYSEA member Infokall has signed a MoU with Iran's
Info-Tech Development Company (IIDCO), owned by IDRO. The two will set up a
joint venture to explore software development opportunities in Iran. IIDCO
will have 60 percent equity in the joint venture.
V. Suresh Kumar, director of Infokall, and S.M. Banihashemi, managing
director of IIDCO, signed the MoU in Chowdary and Iranian consul general in
Hyderabad Ali Ghomi's presence.
Iran has 1,000 software companies and its software industry is estimated to
be worth $100 million. IDRO, which has a turnover of $3 billion, is now
moving into IT, biotechnology and other high technology areas and
contributes 25 percent of Iran's industrial GDP. It employs about 100,000
people.
Many Iranian software professionals settled in the United States and other
countries have expressed their willingness to come back and set up their
companies inside the Internet city.
-India Abroad News Service
Hyderabad experts to help build Iran's Internet city
by Mohammed Shafeeq, India Abroad News Service
Hyderabad, Feb 23 - Software exporters from Hyderabad will soon be sent to
Iran to help build and develop a proposed Internet city in Tehran and to
develop that country's software industry.
A memorandum of understanding (MOU) to this effect has been signed between
the Hyderabad Software Exporters Association (HYSEA) and the Industrial
Development and Renovation Organization of Iran (IDRO).
HYSEA is an association of software exporters based at Hyderabad and IDRO an
umbrella organization of 128 companies in Iran.
"The cooperation with Iran will throw open the vast market in the Middle
East for Indian IT companies," J.N. Chowdary, HYSEA president, told
reporters here after signing the pact with IDRO vice president Asghar
Ebrahimi.
Chowdary said the HYSEA was exploring markets to eliminate any kind of risk
in view of the slowdown in U.S economy, adding that the HYSEA had recently
opened its office in Japan and would be signing two more MOUs with the
Singapore Chinese Industry Association and Malaysian Multimedia Corporation
soon.
Ebrahimi said the IDRO was mainly involved with automobile and ship
manufacturing, design and development of refineries and petrochemicals. He
said the IDRO was in the process of reducing its dependency on oil, gas and
other natural resources and focusing on using human resources.
Under the HYSE-IRDO pact, Hyderabad-based software companies will also be
invited to set up their units at the proposed Internet city, which will come
on 125 acres of land. Initially the city will have 50 units, both domestic
and foreign.
The MoU will facilitate joint ventures between software companies of India
and Iran. To begin with, HYSEA member Infokall has signed a MoU with Iran's
Info-Tech Development Company (IIDCO), owned by IDRO. The two will set up a
joint venture to explore software development opportunities in Iran. IIDCO
will have 60 percent equity in the joint venture.
V. Suresh Kumar, director of Infokall, and S.M. Banihashemi, managing
director of IIDCO, signed the MoU in Chowdary and Iranian consul general in
Hyderabad Ali Ghomi's presence.
Iran has 1,000 software companies and its software industry is estimated to
be worth $100 million. IDRO, which has a turnover of $3 billion, is now
moving into IT, biotechnology and other high technology areas and
contributes 25 percent of Iran's industrial GDP. It employs about 100,000
people.
Many Iranian software professionals settled in the United States and other
countries have expressed their willingness to come back and set up their
companies inside the Internet city.
-India Abroad News Service
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