Oct. 28 – India and China may have their political differences however China is wooing the best of Indian IT to enter the Chinese market while learning from Bangalore’s example as the Silicon Valley of India.
A high level team from China’s Chengdu city is in Bangalore seeking Indian IT companies to invest in the city’s 60 million square meter Hitech Industrial Development Zone’s Tianfu Software Park reports The Deccan Herald. Another team from Kunming city in China is also in Bangalore to market the city to Indian IT players and learn from Bangalore’s successful example.
The IT outsourcing market is one of the most promising industries in China; forecast to grow to US$29.43 billion by the end of this year. The team from Chengdu will meet with more than 80 IT firms in Bangalore. They will also participate in the Nasscom Product Conclave to visit top Indian IT companies.
Chengdu is one of the top outsourcing destinations in the world along with the Chinese cities Shanghai, Beijing, Shenzhen, Dalian, Guangzhou and Tianjin because of its R&D centers, strong government support and investment incentives for IT firms. The city’s Tianfu Software Park is home to 134 Fortune 500 companies including Indian companies NIIT and Wipro.
Chengdu is aiming to boost its IT outsourcing industry to US$100 to US$200 million annually by 2010.
