Consulate General of India, Frankfurt and HCL address Data Security & Confidentiality in Germany

HANNOVER, Germany - May 29, 2015 - PRLog -- To reinforce the message of ‘Make in India’ event at Hannover Messe, The Consulate General of India, Frankfurt along with HCL, a leading Global IT services provider, organised a networking session and panel discussion in Frankfurt on May 28, 2015. The event was aimed at showcasing German financial service institutions about data regulation in India and capabilities of Indian service providers in the domain.

The address by Consul General Mr. Raveesh Kumar, highlighted how current reforms have improved the state of affairs and have created new opportunities for the German financial sector. In this context, he also underlined Government of India’s commitment to create supportive settings where global corporations are extended complete cooperation.

The Keynote address was delivered by Mr. Jan Schneider,Deputy Mayor & Head of Department for Reform Projects, Citizens’ Service and IT, City of Frankfurt wherein he discussed the policy objectives that drive the European data security framework and data protection reforms that will benefit German businesses. Dr. Peter Pop, Head Financial Services, Continental Europe, HCL Technologies addressed the role, Indian Service Providers are playing in supporting leading financial service firms across the globe and how they comply with changing regulations.

Dr. Peter Pop, Head Financial Services, HCL Technologies said “This ‘Make in India’ initiative would encourage global businesses to standardise their data security practices which directly affect their customers and clients. It will also familiarize the financial services institution about the capabilities of Indian Service providers in managing data and how these providers comply with change regulations.”

The event concluded with a panel discussion on 'Indian IT - conforming to global data protection standards in the financial sector'andparticipants from the event were Ashutosh Kumar, Chief Business consultant SAP, Armin Weyell, Partner KPMG and Dr. Igor Podebrad, Director, Group Chief information Security officer, Commerzbank AG.

The ‘Make in India’ event was attended by participants representing Banks, Insurance companies, Capital Markets and Financial institutions and is the flagship programme of the Indian government designed to facilitate investment and foster innovation in twenty-five priority sectors identified for attracting foreign collaboration and investments.