As a part of the ‘Vibe' programme initiated by Prof Karl Kurbel from the Virtual Global University at the University of Frankfurt Oder and Mr Peter Schumacher, CEO of Value Leadership Group, an offshore advisory firm, for the first time, Indian tech companies have started going to campuses in Germany to recruit local talent. Companies such as Wipro, Cognizant, L&T Infotech, Prion and multinationals such as Capgemini and SAP have hired 25 interns from Germany to work on offshore projects. TCS and MindTree are also planning to recruit junior level talent from Germany. This initiative will help Indian IT majors to boost their image and get more business from Europe.
With a slowdown in IT spending in most of the large banks in US, Indian firms have already started looking at Europe, which at present contributes to 30 per cent of their revenues. Although IT majors such as Infosys have hired interns from tech colleges in the US and the UK, this is the first time that the Indian IT sector is looking at Germany, thus making its talent pool more diverse.
Source: The Hindu Business Line