It seems that the Chinese consider that Indian software education model is most appropriate for them besides success stories of Indian firms in global outsourcing field that encourages them. There’s enough here to substantiate this.

We have NIIT and Aptech on our agenda for you today. These global IT learning solutions corporations are pioneers in the field of IT education and training.

NIIT was founded in December 1981 while Aptech commenced its business in 1986 , in India, and have since become the attraction for Indians looking for careers in the IT sector. But a replica seems to be in for China for the last few years.

China has over the years become a very important market for NIIT and Aptech. One of their officals had said “Since our business in China is contributing 35-40% to our revenues, for us it’s a very important market. If one ignores China, he has to pay a heavy price.”  The IT education retail market in China is expected to grow between 17-19% annually by 2010!

Since year 2000, Aptech has been operating successfully in China through its joint venture - Aptech Beida Jadebird IT Co. Ltd, an affiliate of Beijing University in China, it has over 250 centers in 57 cities and trained around 4 lac students in all. (more…)

As promised earlier we bring to you a recap of The Event held in New Delhi ‘promoting Shenzhen – Hong Kong as gateways of investments in China’.

The Event organized by the Hong Kong and Shenzhen government and HKDC alongwith ASSOCHAM in New Delhi provided a platform for Indian corporates seeking to invest into the Chinese markets.

With approximately 300+ participants from the industry and a number of delegates - ASSOCHAM made remarkable efforts to make the event a huge success and there was lots to take back home.

Dezan Shira would in particular like to thank the following officals of ASSOCHAM:

1. Mr. Ravi Mukharjee, ‘Development Consultant & Representative, in China, who provided us with all details of the event and help to coordinate it with the Chamber in India

2. Mr. Anil K Agarwal, Chairman, International Affairs (he was  immediate past president of ASSOCHAM) and President of Cosmos Group

3. Mr. MC Pandey, Senior Director International Division

4. Mr. D.S Rawat, Secretary General

Mr. Amit Aggarwal, Director, Cosmos International Ltd. is specially thanked for his continued support throughout the event.

China Briefing and India Briefing’s new issues were much liked by the participants. 2point6billion was known to many in Delhi with many more expected to become avid readers.

The event opened with welcome remarks from Mr. V.N. Dhoot, President, ASSOCHAM. This was followed by the key note speeches by Mr. Xu Zongheng, the Mayor of Shenzhen Municipal Government, Mr. Fred Lam, the Executive Director (ED) of HKDC, Mr. Sun Yuxi, Ambassador of China to India and finally Ms. Wang Suiming, Senior advisor , Shenzhen Municipal Government.   (more…)

Chris Devonshire-Ellis, Senior Partner of Dezan Shira & Associates Beijing, and publisher of China Briefing magazine, has just completed his annual series of meetings with Chinese Government Ministers and is available for private meetings on matters of China business law, tax and investment policies from Monday, May 7th - Friday, May 11th in Bombay, and from Monday, May 14th to Wednesday May 17th in Delhi.

Chris has lived in China the past 20 years, while his business advisory and tax practice is retained by over 1,600 multinational clients with investments amounting to over USD25 billion in the PRC. He is one of China’s best known international consultants, and has also published the renowned “China Briefing” series of magazines and books for the past seven years.

Dezan Shira & Associates: http://www.dezshira.com/

China Briefing: http://www.china-briefing.com/

If you wish to meet with Chris to discuss matters of China business, or to explore potential collaborations, please email him directly at chris@dezshira.com to make an appointment. Meetings are on a confidential basis and will not be charged for.

This overview of China’s tax regime and applicable rates includes details of income tax, individual income tax, VAT, and other applicable taxes foreign businesses face in China. It was kindly provided by the Dezan Shira & Associates Shanghai office and can be accessed at: http://www.2point6billion.com/China_Tax_Introduction.pdf.

For further clarification on this topic please contact info@dezshira.com or view their website at www.dezshira.com.

The Conducting Bussiness in China presentation was given by Chris Devonshire-Ellis, Senior Partner of Dezan Shira & Associates in Beijing to members of the International Fiscal Association in Mumbai. It details the basics of Trading with China, Establishing Representative Offices, Wholly Foreign Owned Enterprises, Joint Ventures and Profits Repatriation. The full presentation can be accessed here. 

For further information on these topics please contact the author directly or view the firms website.