NASSCOM signs joint investment with China’s Dalian Municipal People’s government

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Bengaluru | Updated: December 20, 2017 5:25:18 PM

The National Association of Software and Services Companies today said it has signed a joint investment with China's Dalian Municipal People's Government to co-develop a collaborative technology platform, the Sino-Indian Digital Collaboration Plaza.

NASSCOM deal with china, NASSCOM dalian city deal, NASSCOM it sector investment, NASSCOM agreement to improve investment in it sectorUnder the Memorandum of Understanding (MoU), a NASSCOM corridor will be set up in Dalian’s Best city — a hub of IT companies — exclusively for Indian firms for setting up operations and availing policy benefits by the local government. (Reuters)

The National Association of Software and Services Companies today said it has signed a joint investment with China’s Dalian Municipal People’s Government to co-develop a collaborative technology platform, the Sino-Indian Digital Collaboration Plaza. Powered by Artificial Intelligence (AI) and Internet of things (IoT), the co-created platform will operate in both online and offline modes, to enable matchmaking between the two ecosystems to leverage each other’s strengths in technology, the NASSCOM said in a release. “This cooperative partnership that we have formed with the government of Dalian will help us create a platform where companies from India and China can come forward to co-develop for global markets by leveraging their respective strengths in hardware and software,” NASSCOM senior director Gagan Sabharwal said.

Earlier this year, an MOU was signed between NASSCOM and the Dalian government to promote IOT collaboration between Chinese and Indian IT companies. NASSCOM said subsequent discussions at a local level converged upon the idea of setting up the first NASSCOM IT corridor within Dalian BEST City to promote IoT & AI cooperation between the two nations. This dedicated IT Park will be an exclusive place for  interested Indian IT providers to begin operations and avail  of special policy benefits and incentives by Dalian BEST City  administration, it said.

Both sides had agreed to set-up the collaborative platform that could work in online and offline mode to help establish partnerships for Indian and Chinese companies. “The SIDCOP platform developed by Zeta-V is an  extremely innovative use of digital technologies and shall  pave the way for greater and wider cooperation amongst our  countries,” Sun from Dalian Best City Administrative Committee said. Zeta-V Technology Solutions Ltd, a start-up with a  local presence in Dalian will be deployed as the operator of  the SIDCOP platform, which will harness the power of an  intelligent ecosystem to minimize the gap between  idea-generation and value-realization. The SIDCOP platform’s services will also include a B2B Intelligent Marketplace, Rule Based e-Procurement and Shared  Services Command Center.

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