NASSCOM Delegation Seeks Business Opportunities in China's Booming IT Market

Strategic Insights -

A 28-member delegation led by S Ramadorai, CEO of Tata Consultancy Services and Chairman of NASSCOM, arrived in Beijing to explore mutually beneficial cooperation with the Chinese IT industry. The high-level delegation includes top CEOs such as Kiran Karnik, President of NASSCOM, and Ramalinga Raju, Chairman of Satyam Computer Services. The delegation aims to interact with senior officials of the Chinese Ministry of Information Industry and strengthen ties with the Indian Ambassador to China, Nalin Surie. This visit follows a seminar on India-China Software Cooperation held in Bangalore, where opportunities for cooperation between the two economies were highlighted.

Key Takeaways:

  • The NASSCOM delegation is visiting Beijing to seek business opportunities and understand the booming Chinese IT market.
  • The delegation is led by S Ramadorai, CEO of Tata Consultancy Services and Chairman of NASSCOM, and includes top CEOs such as Kiran Karnik and Ramalinga Raju.
  • The delegation aims to interact with senior officials of the Chinese Ministry of Information Industry, including Secretary Liu Qi, and the Indian Ambassador to China, Nalin Surie.
  • The visit comes five days after NASSCOM held a seminar on India-China Software Cooperation in Bangalore, highlighting the immense opportunities for cooperation between the two economies.
  • The IT sector in both India and China is being recognized globally as a world powerhouse, with significant opportunities for trade and investment.
  • Indian software firms are increasingly setting up operations in China, while Chinese firms are also establishing software operations in India and selling hardware.

Statistics:

  • The volume of IT trade between India and China has been growing at a healthy pace.
  • The Indian IT industry is expected to reach $50 billion in revenues by 2008.
  • China's IT market is expected to grow from $90 billion in 2008 to $140 billion in 2010.
  • The Indian IT-BPO industry is expected to employ over 2.5 million people by 2010.

Sources:

  • PTI (Press Trust of India)
  • NASSCOM (National Association of Software and Service Companies)
  • Tata Consultancy Services