An Indian IT delegation led by industry body NASSCOM discussed business opportunities and cooperation with China’s top planning body and IT ministry. This comes as India has been pressing China to open up its huge IT market. Such a step would help reduce the bilateral trade imbalance, which touched $52 billion last year in favour of China.
The Indian delegation members held two round-table meetings and discussed cooperation in IT sector with officials from China’s National Development and Reform Commission and Ministry of Industry and Information Technology.
They met officials of Chinese industry bodies such as China Software Industry Association and Beijing Association of Sourcing Service, according to a statement by the Indian embassy in Beijing.
The members also visited a Beijing Automotive Group Company unit to understand China’s manufacturing capabilities. The Indian embassy had tied up with China’s Assets Supervision and Administration Commission of the State Council for the first round-table meeting on Tuesday.
Around 20 state-owned companies based in Beijing participated in the event. Among them were Sinopec, State Grid, China Unicom, Dongfeng Motors, and China Aerospace Science and Technology Corporation, the statement said.
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A second round-table for new technology firms and start- ups was organised on Wednesday in collaboration with China Chamber of International Commerce. More than 20 Chinese firms, including Mobike and Didi Chuxing, attended this event.
During the two events, Chinese companies shared their plans for expansion and outlined the scope for cooperation.