NASSCOM inks pact with China’s top internet hub to provide major opening for Indian IT-SMEs
India’s IT industry association NASSCOM on Thursday signed an agreement with China’s top internet hub to co-develop a collaborative technology platform […]
Sarabjit Kaur December 22, 2017
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India’s IT industry association NASSCOM on Thursday signed an agreement with China’s top internet hub to co-develop a collaborative technology platform which is expected to provide a major opening for Indian IT-SMEs. The NASSCOM and Dalian Municipal People’s Government signed a joint investment agreement in Dalian to co-develop a collaborative technology platform called the Sino-Indian Digital Collaboration Plaza (SIDCOP). Top Indian IT firms have big presence in China servicing multinationals and the IT corridor at Dalian will provide a gateway to the Indian IT-SMEs, Gagan Sabharwal, senior director, NASSCOM who signed the MoU told PTI from Dalian. IT firms from India and China can come forward and co-develop global markets leveraging their respective strengths in hardware and software, he said. Though, India is widely regarded as ahead of China in software development, top Indian IT firms struggled to gain access to Chinese commercial IT market prompting New Delhi to press Beijing to open-up the vital sector for Indian firms to bridge over USD 50 billion bilateral trade deficit. NASSCOM hopes that if successful, the Dalian experience can be replicated at various other Chinese provinces which are setting big data centres to attract investors. Powered by Artificial Intelligence (AI) and Internet of Things (IoT), the co-created Dalian platform will operate in both online and offline modes to enable matchmaking between the two ecosystems to leverage each other’s strengths in technology, Sabharwal said. China is currently investing big in AI as it seeks to end its dependency on manufacturing and enlarge its presence in IoT. Top Chinese firms like Alibaba, Tencent and Baidu are investing heavily in AI technologies. Alibaba has announced plans to invest about USD 15 billion in AI-related technologies in the next three years.