China wants its own Bangalore, invites Indian IT firmsFebruary 16th, 2008 - 12:17 pm ICT by admin
Mumbai, Feb 16 (IANS) China has invited Indian IT and business process outsourcing companies to set up more units in its IT parks and build them up at par with those in cities like Bangalore, Chennai and Pune. A delegation from Wuxi, an emerging economic zone in the Yangtze river delta, met representatives of software industries here and expressed a desire to convert their district into a “Bangalore of China”.
Yang Weize, secretary of Wuxi Municipal Communist Party of China Committee, said: “If China is the factory of the world, India has become the ‘office of the world’. This is what we want to do for ourselves. That is why we are here.”
Weize pointed out that currently Wuxi has 50 Indian companies. “We are now very keen that more of them should explore the benefits and sops we are providing.”
Janet Zhang, director of Wuxi City Investment Promotion Office, told IANS that in fiscal 2006-07 the total imports and exports by Indian companies in Wuxi was set to touch $1 billion — a growth of 50 percent.
“Moreover, in microelectronics, the total turnover touched $14 million,” she said. “It is for bilateral trade we have come here. We want to learn from India.”
Weize earlier spoke at a symposium where the delegation held talks with several IT business executives. The companies included Tata Consultancy Services (TCS), Larsen and Toubro (L&T) and others.
“We have managed to sign seven memorandums of understanding (MoUs) with the Indian Merchants’ Chamber (IMC), the Maharashtra Economic Development Council (MEDC), NIIT, L&T, Technosoft, SkillNet and MultiNet Worldwide for investing in Wuxi.”
The Chinese delegation also visited New Delhi where it met representatives of the National Institute of Information Technology (NIIT).
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