Indo Spanish Chamber Technology (ISCT) is a private organization recognised by various Spanish authorities, whose main objective is to promote and enhance trade and economic relations between India and Spain. ISCT is an initiative to promote technologies in various industry sectors between Spain and India. ISCT’is headquartered in Bangalore with a representative office in Barcelona. ISCT plays an
active role in organizing B2B meetings, seminars, conferences and round tables to promote knowledge sharing between the two countries. The primary focus is technology and knowledge dissemination. It promotes the awareness of Spanish technology for Indian needs and vice versa. It gives assistance to both Spanish and Indian companies on bilateral technology transfer, licensing, Joint Ventures etc. It also coordinates and manages business and institutional delegations, which stimulates both the Spanish and Indian markets. ISCT also
Promotes wider knowledge and understanding of investment opportunities in India: conditions, laws, policies, procedures and incentives pertaining to investment and the infrastructural facilities available in the country
Advises and assists Spanish entrepreneurs on opportunities in India in their technology sector
Assists in matters pertaining to financial and technical collaborations in India
Advise Spanish investors on setting up industrial projects in India by providing information regarding investment environment and opportunities
ISCT acts as a reference point for investment projects and assists Indian and Spanish entrepreneurs in meeting the procedural requirements of project approvals. As Spanish companies began to invest in India they saw the need of a chamber of commerce as a point of information and orientation to both Indian and Spanish companies. There were and are several difficulties to Spanish companies to enter Indian market, and vice versa:
Big cultural gap between Spain and India
Lack of contacts
Language issues
The main investors in the Indian market are Mauritius, US, European UK, Holland and Germany. Spanish companies are working with India and their presence is not very well known with India yet. Many preconceived notions must be replaced with the real knowledge of both markets/countries. Hence the only way to address this situation was formulating this forum. With 11 years of working experience in the Spanish market, the need for such an organization was notice; hence a formal organization to promote technology was necessary to be formed. As the saying goes “Union is strength”, co-operating between all the actors interested in the bi-lateral trade would get better results. We have strong ties with Indian and Spanish sectoral associations, public and governmental bodies and well known personalities within the industrial and local media sectors. Hence Indo – Spanish Chamber of Technology was created
By the industry for the industry
Different companies joined to create them
Non-profitable and independent character
In collaboration with governmental agencies with similar goals
ISCT has a team of qualified honorary professionals that provide ongoing services to companies in order to undertake various business operations, such as outsourcing, global marketing and consultancy, for the successful implementation of joint ventures and strategic alliances and to assist in legal, fiscal and customs issues. It was founded in January 2009. Among the various sectors, the main sectors which are promoted by ISCT which are advantageous to Spain and India are:
Renewable energy - Solar, Wind, Biomass
Aerospace
Electronics, IT and telecommunications
Railways
Machinery
Automotive component sector
Public works, engineering and management
Construction technologies
Biotechnology
Water treatment
Services offered by Indo-Spanish Chamber of Technology
Awareness and promotion programs of each market in both Spain and India – in partnership with ICEX and the Spanish Commercial Office
We would provide consulting services about business in both countries and all the information and steps necessary to get into the different funding and supporting programs. - in partnership with ICEX, the Spanish Commercial Office & CDTI
Annual reports would be produced by the chamber of commerce and technology including the economic trends, niche markets, opportunities and state of the question focusing those bilateral relations and also the macroeconomic situation - in partnership with ICEX and the Spanish Commercial Office
We would produce a monthly publication with economical issues, the grants and funding assistance of governmental institutions, information about European projects and programs of economic promotion, opportunities, activities of the partners etc - in partnership with ICEX, the Spanish Commercial Office, CDTI, COPCA, SPRI, PromoMadrid, Casa Asia and Casa de la India.
1) Assistance and consultancy
The Indo Spanish Chamber of Commerce counts on a team of qualified professionals which provide ongoing services to firms and companies in order to undertake various business operations such as outsourcing, global marketing and consultancy for the successful implementation of joint ventures and strategic alliances and to assist in legal, fiscal and customs issues.
2) Partner identification
3) Customized services for each company as every ones needs are different
Market analysis and identification of potential investment and trade opportunities
Reports on specific sectors
Assistance in developing market entry strategies
Identification of suppliers and importers
Identification and selection of industrial and financial partners
Corporate and financial information on potential partners
Organization of individual fact-finding meetings
4) Incorporation of a company
Legal consultancy in finalizing trade, industrial and financial collaboration agreements
Registration of trademarks and patents
Setting up of branch offices, representative offices, subsidiary companies and joint ventures
Identification of real estate properties
Assistance in acquiring and in setting up factories and industrial units
Setting up of sales networks
Marketing and trade promotion activities
Representation in sectoral fairs
Identification of communication agencies for brand promotion
Scouting and selection of staff
5) Other services
Interpretation, translation and Spanish language courses
Customized Spanish language courses for companies
The Indo Spanish Chamber of Technology services are provided exclusively to members: to have more information on our membership schemes and to subscribe, please visit the membership section in this website.
