India Launches second IT corridor to China; Expects access to chinese market
India launched its second IT corridor in China to cash in on the burgeoning Chinese software market which remained elusive despite the presence of top Indian technology firms.
The National Association of Software and Services Companies (NASSCOM) has established one more Digital Collaborative Opportunities Plaza (SIDCOP) platform in China in an effort to provide market access to Indian IT firms in the huge Chinese market, the NASSCOM said.
Agreements worth RMB 36 million (about USD six million) were signed between Indian service providers and Chinese customers at the launch of the corridor by China’s Guiyang Municipal government and the NASSCOM, a NASSCOM official said.
The pilot projects launched on the SIDCOP platform would be executed over the next year, a NASSCOM statement said.
Last December, the NASSCOM established its first SIDCOP platform in the Chinese port city of Dalian, which is India’s first IT hub in China.
India’s top IT firms have a big presence in China, specially multi-nationals and IT Corridor at Dalian which are expected to provide a gateway for the Indian IT-small and medium-sized enterprises.
The Dalian IT corridor was formally launched few days ago.
While Dalian corridor’s focus was on IOT (Internet of Things), the Guiyang corridor will focus on Big Data, Gagan Sabharwal, Senior Director, Global Trade Development NASSCOM.