NASSCOM, Chinese city to promote investments in IT

The move will help Indian IT software companies enter Dalian, a cyber city in China’s northeast province Liaoning where over a dozen of Indian firms such as Infosys, TCS, HCL and others are already present.

Under the agreement signed on Tuesday evening, Indian companies will get “preferential” entry into the Chinese market. “Today, the lines between hardware and software are merging very fast. Indians companies, who have an edge on the software side, and Chinese companies, who have an edge on the hardware side, can co-develop and co-create for the global market,” NASSCOM Senior Director Gagan Sabharwal said here. “This partnership will help us create a platform where companies from India and China can co-develop for global markets leveraging their respective strengths in hardware and software,” he added.

Under the 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.