December 22, 2017

NASSCOM & Dalian city strike deal to promote IT investment

The agreement is aimed towards giving preferential entry to Indian companies in a heavily regulated Chinese market.

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Indian IT industry association NASSCOM (National Association of Software and Services Companies) has signed an agreement with Dalian Municipal People’s Government to develop a collaborative AI and IoT-enabled platform called Sino-Indian Digital Collaboration Plaza (SIDCOP). This platform aims to help Indian IT SMEs thrive in Chinese markets. According to the agreement, the platform will work online as well as offline to help enterprises from both ecosystems come under one roof and leverage each other’s strengths.

According to Dalian’s administration, India’s software prowess can be harnessed by China’s hardware expertise. They further added that the IoT and AI enabled platform developed by Indian company Zeta-V technologies will pave way for wider scope amongst both countries. Explaining the idea of collaboration, Governor of Dalian’s Best City, Sun Long Ye said:

We strongly believe this is the innovative step in enhancing and mutually benefiting Chinese and Indian companies in software and servicesector.

Echoing Ye’s thoughts, NASSCOM Senior Director Gagan Sabharwal commented:

The arrangement that we have carved out with the BEST city will serve as a launch-pad for the Indian companies to partner with Chinese enterprises and get entry into the large Chinese market. We are committed to creating an ecosystem here with help from the government of Dalian that will make Chinese market an attractive proposition for the Indian companies and this joint initiative of setting up of this collaborative platform is a step in that direction.

With this agreement, Indian firms will avail policy benefits framed by the local government. We hope to see Indian IT SMEs making the most out of this window of opportunity.

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