Source | The Economic Times
BEIJING: About 50 leading Chinese IT firms today brainstormed with top Indian software companies at a symposium on how China can make use of India’s IT prowess in its big push to transform the world’s second largest economy heavily dependent on manufacturing sector to services.
The symposium, the first of the stakeholders and companies from both sides, was organised in Nanjing jointly by NASSCOM, the premier association of IT of India, Indian Consulate of Shanghai along with Nanjing Municipal People’s government.
Indian officials say Nanjing was chosen for the event as 76 per cent of China’s IT industry is located in the eastern part of the country.
The objective of the ‘IT Forum’ was to explore collaborative opportunities between Chinese manufacturers and Indian IT industry, in particular in the Internet of Things (IOT) domain, a statement from the Indian Consulate in Shanghai said.
While aggressively courting for Chinese investments in ‘Make in India’ programme, Indian government and the IT industry also have been making strong pitch in the past few years for bigger opening in Chinese burgeoning IT sector, specially in the state-owned companies as they moved into high tech gadgets like robotics.
In the last few years, India has been making out a case for China that a much wider opening for Indian IT would besides helping transformation of Chinese economy from manufacturing to services also boost sagging Indian exports to China.