China Seeks IT Joint Ventures In India

New Delhi | Updated: Apr 30 2004, 05:30am hrs
Eyeing stronger links with the Indian software industry, China is looking at forging partnerships including joint ventures in the area of information technology.

A Chinese delegation headed by Shanghai Foreign Economic Relations & trade Commission chairman Pan Longqing was present at an event organised by the Confederation of Indian Industry (CII).

China not only encourages the involvement of domestic companies but also welcomes Indian software community to China and Shanghai and seeks partnership for a win-win formula, Shanghai Pudong Software Park general manager Hu Hongliang said.

Chinas software industry was worth $13.32 billion in 2002 and reported exports worth $1.5 billion.

In 2003, Shanghais software business generated a total turnover of $2.42 billion and registered exports worth $265 million.

Our delegation is visiting India to learn from your experience, attract Indian software companies to China and seek partnerships and mutual development, Mr Hongliang said.

Shanghai Pudong Software Park is a national software industry and software export area established by ministry of IT and Shanghai municipal government.

This year, the Pudong Software park is starting its third-phase expansion and two new facilities will be completed by 2007.

We welcome more Indian companies to join our park, form partnership with our local companies and explore Chinas software market, Mr Hongliang said.

CII organised an interaction with a high level 15-member IT delegation led by Shanghai Municipal Foreign Economic Relations & Trade Commission (SMERT) chairman Pan Longqing who is also the chairman of Shanghai Foreign Investment Commission (SFIC).