Ireland looks to attract Indian startups

Although many Western nations are adopting policies to reduce immigration, Ireland is taking a different tack. IDA Ireland, an agency whose mission is to attract foreign direct investment to Ireland, said that it wants the number of IT service companies, startups, entrepreneurs from different sectors from India to be increased threefold over the next three years in their country. IDA is partnering with sister firms like in order to aid Indian startups and enterprise businesses focusing on the European market. Martin D Shanahan, CEO, IDA Ireland, was quoted by the Economic Times as saying that they were ready to give Indian businesses reasonable tax rates, 48-hour registration period, paths to funding, friendly regulatory atmosphere to make their country the investment destination for Indian companies. At present, six out of the top 10 IT service companies of India have a base in Ireland. They include TCS, Wipro and Tech Mahindra, among others. Tech Mahindra has a BPO operation and also a Centre of Excellence in the telecom arena there. Shanahan said that Indian startups should also set up research and development centres to help boost growth in emerging technological fields so that the job market in Ireland is never lagging behind. He said that the talent pool available in Ireland benefits foreign companies. According to him, Ireland ranks in top five globally for total workforce productivity, university education population growth and secondary school enrolment. The IDA said though organisations from India are permitted to bring in experts from their country and others, half of their workforce within two years needs to belong either to Ireland or Europe. If you are looking to migrate to Ireland, get in touch with Y-Axis, a prominent immigration consultancy company, to apply for a visa.