China luring Indian tech firms with market access & free rent | WHAT REALLY HAPPENED

China luring Indian tech firms with market access & free rent

Agreements worth about $6 billion have been signed between India and China during the launch of a joint IT platform. Indian firms are thus getting access to China’s $144 billion tech market.

India’s IT industry’s trade group NASSCOM on Sunday established a Sino-Indian Digital Collaborative Opportunities Plaza (SIDCOP) in the tech hub of Guiyang in southwest China.

“In this way, we will be marrying the requirements of Chinese companies with the capabilities of Indian IT service providers,” said India's ambassador to China Gautam Bambawale. He told the Times of India: “We visualize that these initiatives will give a big impetus to cooperation between India and China in the IT-enabled services sector.”

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