China will become global leader in innovations: Premji

IT czar Azim Premji today praised the way China is being administered, and predicted that the future would witness low-cost innovations from the Communist country flowing into the global market in a big way.

"Don't underestimate China in terms of any opportunity that is coming up in the world," the chairman of the New York Stock Exchange-listed Wipro said while answering questions at an executive committee meeting of Ficci.

"And China is probably the best administered country in the world today," added Premji, who earlier delivered an address on 'Sustainability and Innovation'.

Stating that China is doing some "incredible work" in the field of electric cars, Premji said that the country was "very innovative" with "fundamental R&D" in the solar energy space, and not just a "copycat".

He said that while China does have the world's largest copycat industry worth almost $1 trillion, it has taken up work in areas such as software, automobile engineering and renewable energy as a national programme.

The world can expect China to increasingly cater to countries like India, Africa and even the United States, where customers are looking for high-value products with cheap price tags, Premji said.