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India to share the slice of Chinese Tech Industry Cake.

India’s bold step towards development of IT Corridor along with China

India on Sunday established its next IT corridor from China to find access into this growing Chinese software marketplace. The brand new IT corridor at Guiyang came after NASSCOM launched its earliest Digital Collaborative Opportunities Plaza or even SIDCOP platform at the Chinese port city of Dalian.

China India IT Corridor

India has from the start been a majorly Industrial country. It’s economy has been driven by Textile and other small and medium based Industries such as the steel pipeline manufacturers and related Industries, Pump Industries, Pharmaceuticals and so on. Coming into the technology and developing the future for it’s technology development space will be another step towards getting to the level of bigger Industrial players and top economies of the world.

In a statement, the National Association of Software and Services Companies or NASSCOM explained it has created yet another Digital Collaborative Opportunities Plaza (SIDCOP) platform at China in an attempt to give market access to Indian IT firms in the enormous Chinese market.

Right after the launching, Indian IT organizations signed an agreement worth RMB 3 6 million (approximately USD 6 million) with Chinese clients at the introduction of the corridor. The pilot projects started on the SIDCOP platform could be implemented during the following calendar year, ” a NASSCOM statement said.

According to reports, the Dalian corridor’s focus has been on Internet Things- IoT however, also the Guiyang corridor will concentrate on Big Data.

Speaking at the launch of the Guiyang IT corridor,” India’s Ambassador to China Gautam Bambawale explained that the corridor is targeted at putting up local offices and helping businesses from Guiyang to launch pc software and IT units in India. This is a move that will bridge the India China friendship which in the recent past been stormy because of the Border issues.

China India IT Corridor

A Indian company called’Zeta-V’ will launch an Artificial Intelligence allowed platform for SIDCOP to create along the IT requirements of Chinese businesses and Indian companies that have methods to supply, Bambawale explained.

In 2013 the Ministry of Industry and Information Technology of China had appreciated nation’s IT market valued at around USD 493 billion. For India, getting usage of China’s IT market is crucial to deal with huge trade deficit that has spiralled to over USD 51 billion.

India IT firms have a presence in over 70 countries on earth, generating employment for 12 million people worldwide. In China, Indian IT organizations are found in 10 cities across the nation, with an overall entire work force of approximately 25,000 employees.

India was demanding China to give market access to Indian IT and pharmaceutical firms for all years to reduce bilateral trade shortage.

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