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NASSCOM, Chinese city to promote investment in IT sector

Under the agreement, Indian companies will get 'preferential' entry into the Chinese market

IANS  |  Dalian (China) 

NASSCOM, Chinese city to promote investment in IT sector

India's National Association of and (NASSCOM) and China's city have signed an agreement to set up a platform for partnership between Indian and

The move will help Indian IT enter Dalian, a cyber city in China's northeast province where over a dozen of Indian firms such as Infosys, TCS, and others are already present.

Under the agreement signed on Tuesday evening, Indian companies will get "preferential" entry into the Chinese market.

"Today, the lines between hardware and are merging very fast. Indians companies, who have an edge on the software side, and Chinese companies, who have an edge on the hardware side, can co-develop and co-create for the global market, " Senior said here.

"This partnership with the government of will help us create a platform where companies from and can co-develop for global markets leveraging their respective strengths in hardware and software," he added.

Under the Memorandum of Understanding (MoU), a corridor will be set up in Dalian's Best city -- a hub of IT companies -- exclusively for Indian firms for setting up operations and availing policy benefits by the local government.

"We strongly believe this is the innovative step in enhancing and mutually benefiting Chinese and Indian companies in software and services sector," of Dalian's Best City Sun Long Ye said.

"The SIDCOP Sino-Indian Digital Collaboration Plaza platform developed by Zeta-V is an extremely innovative use of digital technologies and shall pave the way for greater and wider cooperation amongst our countries," Sun added.

Zeta-Solutions Ltd, an Indian with a local presence in Dalian, will be deployed as the operator of the SIDCOP platform.

The firm will help Indian and Chinese companies communicate and understand each other's requirement by using

"We are delighted to play a key role in building this ecosystem of members and Chinese companies to help furthering the Sino-Indian collaboration in the new age technology space," said Sujit Chatterjee, Co-Founder and at Zeta-Solutions.

First Published: Wed, December 20 2017. 13:14 IST