India launches 3rd IT corridor in China

The primary aim will facilitate partnerships between Indian and Chinese companies

• India has launched its third IT corridor in China that will facilitate partnerships between Indian and Chinese companies. The National Association of Software and Services Companies (NASSCOM) entered into a partnership with China’s Xuzhou city from Jiangsu Province in China to help develop the IT corridor.
• The IT industry body has already launched such corridors at Dalian and Guiyang cities to cash in on the burgeoning Chinese IT industry market. The previous IT corridors in Dalian and Guiyang have already sprung up opportunities to the tune of 24 Million RMB (USD 4.6 million) and 62 Million RMB (USD 8.9 million) respectively.
• The first two corridors have paved the way for cooperation in co-create mode in the emerging technologies such as AI, IoT and Analytics in the Chinese market. In line with this collaboration, few local companies from Jiangsu province have pledged their support by signing as early adopters of this match-making platform.
• This partnership will help create more jobs in Xuzhou and India and facilitating talent transfer between the two countries. The signing of the “China-India (Xuzhou) IT Corridor Project” is an important measure for the Indian software and service industry associations to enter the Chinese market.

IT Partnership between Indian and Chinese Economic Zones

• Xuzhou, as the centre of the Huai Hai economic zone, is an important comprehensive national transportation hub and its proximity from major industrial and economic hub like Shanghai, Beijing, Hangzhou, Nanjing and Suzhou.
• Through this partnership, the platform will be launched that will facilitate match-making between Indian companies wanting to collaborate with companies in Huai Hai economic zone looking to adopt digital transformation from verticals such as manufacturing, retail, automotive, healthcare and utilities and help them create innovative product and solutions in the co-create mode.
• The signing of the China-India (Xuzhou) IT Corridor Project is an important measure for the Indian software and service industry associations to enter the Chinese market and seize the development opportunity of the Huaihai Economic Zone Mayor of Xuzhou.

Smart Manufacturing domain between the IT sectors of India and China

• The Corridor will inject strong momentum into the development of the Xuzhou software service outsourcing industry. The Nasscom is to bring its advantages on capital, talents and technology in accordance with the content of the agreement, to improve the construction, operation and development of the IT parks, so as to build a world-class service outsourcing cooperation development platform.
• This Corridor will help strengthen China India Digital Cooperation leveraging our respective strengths in hardware and software to build innovative products and solutions in Co-create mode.
• This region is known for its manufacturing capabilities. It is expected that many collaborative case studies emerging from the Smart Manufacturing domain as China being a dominant manufacturing country requires software, IT and IT enabled services to transform towards smart manufacturing.
• An Indian company named ‘Zeta-V’ will establish an Artificial Intelligence enabled platform for SIDCOP to bring together the IT requirements of Chinese companies, particularly in Guiyang, and Indian companies which have solutions to offer

Previous versions of Indian IT corridor in China

• 1st Version of Indian IT Corridor in Dalian, China: The NASSCOM established its first Digital Collaborative Opportunities Plaza (SIDCOP) platform in the Chinese port city of Dalian, which is India’s first IT hub in China. NASSCOM established its first Digital Collaborative Opportunities Plaza or SIDCOP platform in the Chinese port city of Dalian in December, 2017.
• 2nd Version of Indian IT Corridor in Guiyang, China: India launched its second IT corridor in Guiyang, China to cash in on the burgeoning Chinese software market which remained elusive despite the presence of top Indian technology firms.

Pic courtesy:The Week