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India launches campaign in China to push its IT sector

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prithwidw

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BEIJING: India on Friday launched an aggressive campaign to showcase its IT prowess in China to woo local companies in order to bridge the trade imbalance between the two nations.

Officials of over 300 top-end Chinese companies, including that of government-owned undertakings, today attended the India-China Business Technology Summit in which NASSCOM President, Som Mittal and other officials of top Indian IT firms made presentations.

Lou Qinjian, Vice-Minister, Chinese Ministry of IT, also attended the meeting.

"We are not asking for any favours. We are globally competitive in these sector... we are making an aggressive pitch to woo the Chinese companies telling them if you have ambition of becoming a global Chinese Company, you need get a global IT solution provider. That is us," Indian Ambassador S Jaishankar told PTI at the meeting.

"We are telling them that we are cost-wise and quality- wise superior to what you get in China. So, why don't you look at us. This is part of aggressive strategy where we are concerned to try and do something about trade imbalance we have with China," he said.

India's total trade with China stood at about $42 billion this year with balance of trade tilting massively in favour of China. India imported a whopping $32 billion and exported only $9.5 billion goods, mostly raw materials like iron ore and oil seeds.

India has been asking China to address the trade imbalance.

The IT summit was part of a strategy to attract local companies as the Chinese government has agreed to encourage its firms to look at the Indian IT market.

"We discussed with the Chinese government to encourage Chinese companies to come and listen to us. Now it is up to the companies," he said.

He said in the next few months, India would make a strong bid to make strong dent in the Chinese market in IT, Pharmaceuticals, Engineering services and Agro products.

Summits would be held all over China on all the four areas where India is strong, he said.

Jaishankar said for a variety of reasons, Indian companies have made very limited progress in China.

"This is a matter of concern not just for us, because Chinese too appreciate that large trade imbalances are not sustainable," Jaishankar said earlier addressing the meeting.

India launches campaign in China to push its IT sector- ITeS-Infotech-The Economic Times

I hope this is the right section to post it.
 

Justin Joseph

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BEIJING: India on Friday launched an aggressive campaign to showcase its IT prowess in China to woo local companies in order to bridge the trade imbalance between the two nations.

Officials of over 300 top-end Chinese companies, including that of government-owned undertakings, today attended the India-China Business Technology Summit in which NASSCOM President, Som Mittal and other officials of top Indian IT firms made presentations.

Lou Qinjian, Vice-Minister, Chinese Ministry of IT, also attended the meeting.

"We are not asking for any favours. We are globally competitive in these sector... we are making an aggressive pitch to woo the Chinese companies telling them if you have ambition of becoming a global Chinese Company, you need get a global IT solution provider. That is us," Indian Ambassador S Jaishankar told PTI at the meeting.

"We are telling them that we are cost-wise and quality- wise superior to what you get in China. So, why don't you look at us. This is part of aggressive strategy where we are concerned to try and do something about trade imbalance we have with China," he said.

India's total trade with China stood at about $42 billion this year with balance of trade tilting massively in favour of China. India imported a whopping $32 billion and exported only $9.5 billion goods, mostly raw materials like iron ore and oil seeds.

India has been asking China to address the trade imbalance.

The IT summit was part of a strategy to attract local companies as the Chinese government has agreed to encourage its firms to look at the Indian IT market.

"We discussed with the Chinese government to encourage Chinese companies to come and listen to us. Now it is up to the companies," he said.

He said in the next few months, India would make a strong bid to make strong dent in the Chinese market in IT, Pharmaceuticals, Engineering services and Agro products.

Summits would be held all over China on all the four areas where India is strong, he said.

Jaishankar said for a variety of reasons, Indian companies have made very limited progress in China.

"This is a matter of concern not just for us, because Chinese too appreciate that large trade imbalances are not sustainable," Jaishankar said earlier addressing the meeting.

India launches campaign in China to push its IT sector- ITeS-Infotech-The Economic Times

I hope this is the right section to post it.




I like the atitute man, keep it up. ;)
 

jagjitnatt

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Something tells me this is the start of a new beginning for India. Things are going to change for the good and India is following the success of China and going to do better than China itself.

I hope we hit the double digit growth rates soon. :yahoo:
 

scuthan

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I know India is doing good in programming outsourcing. I want to know what else sections of IT industry is india good at? what big IT companies does india have. I know infosys, but it seems not too big in revenue.

Do any indian member have give us an introduction?
 

prithwidw

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I know India is doing good in programming outsourcing. I want to know what else sections of IT industry is india good at? what big IT companies does india have. I know infosys, but it seems not too big in revenue.

Do any indian member have give us an introduction?

Infosys is a $4 Billion Company. For everything else, use google.
 

scuthan

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Infosys is a $4 Billion Company. For everything else, use google.

what does infosys do? is it the largest one in india?

if infosys is a pure software company, that's really big. i think in china, only tencent and alibaba is larger than that in software companies.
 
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prithwidw

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1. Microsoft
2. Oracle
3. Cisco
4. Google
5. Yahoo
6. eBay
7. Amazon
8. Dell
9. HP
10. IBM

And 1000's more. :smokin:
 

Luftwaffe

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Country
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Location
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India IT Sector - Top Players
S. NO.
Companies
1. TCS
2. Infosys
3. Wipro
4. HP
5. IBM
6. Satyam
7. HCL
8. Patni
9. Polaris
10.Cisco
11 KPIT Cummins
12 Kanbay
13 Microsoft
14 Dell
15 Larsen and Toubro
16 Compare Infobase
17 Accenture
18 i-Flex Solutions
19 Cognizant
20 Sapient
21 Mphasis

hardwork earns the name
india, and China, south korea, taiwan, japan covers Asia and rest of the world
 

sensenreason

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what does infosys do? is it the largest one in india?

if infosys is a pure software company, that's really big. i think in china, only tencent and alibaba is larger than that in software companies.

India does not have too many IT Product or IT hardware companies. IT hardware is picking up but primarily Indian Software inductry is service based. It now spans most parts of services and not just outsourcing.
 

prithwidw

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India does not have too many IT Product or IT hardware companies. IT hardware is picking up but primarily Indian Software inductry is service based. It now spans most parts of services and not just outsourcing.

Infy does have a financial product. Plus there are some very hardcore product development done in Indian Software Development Labs of product dev comps like Microsoft, Yahoo, Google etc.
 

scuthan

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infosys seems to be a good company in technolgoy.

Although China has one of the largest IT industry,larger than india's, it is because of its huge domestic market, 400 million netizens. china is strong in hardware industry and telecom equipement& service, which is extremely competitive in international market. but its internet market is very exclusive, taobao is an substitute of ebay, QQ for MSN, baidu for google, youku for youtube. but its domestic market is huge, QQ alone has 100 million online user simutanleously every night. Internet bank and derivative online business is also very developed.

so china's software industry focus more on the domestic market, which brings them huge profits, and it is behind india in international market. one major reason is that china have very few people speaking english. india operate their company in english language, that is a great advantage.
 
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