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IT corridor

India launches 3rd IT corridor in China

India launched its third IT corridor in China’s Xuzhou city (Jiangsu Province) that will facilitate partnerships between Indian and Chinese IT companies. In this regard, National Association of Software and Services Companies (NASSCOM) has entered into partnership with China’s Xuzhou city to help develop the IT corridor.

Xuzhou is centre of Huai Hai economic zone in China. It is important comprehensive national transportation hub and is located close to proximity of China’s major industrial and economic hub like Shanghai, Beijing, Hangzhou, Nanjing and Suzhou.

Xuzhou city IT Corridor

  • The primary aim of this IT corridor is to facilitate partnerships between Indian and Chinese companies.
  • It will enable Indian software and service industry associations to enter Chinese market and seize development opportunities in China.
  • It will also facilitate match-making between Indian companies wanting to collaborate with Chinese companies who are looking to adopt digital transformation from verticals such as manufacturing, automotive, healthcare, retail and utilities and help them create innovative product and solutions in co-create mode.
  • It will help create more jobs in China and India and facilitate talent transfer between the two countries.

Previous corridors

  • NASSCOM already has launched such IT corridors at Dalian and Guiyang cities of China to cash in on burgeoning Chinese IT industry market.
  • These first two corridors have paved way for cooperation in co-create mode in emerging technologies such as AI, IoT and Analytics in the Chinese market.
  • Through these two corridors, NASSCOM has brought to fore opportunities with over 300 companies where more than 10 Indian SME companies have signed deals worth 31 Million RMB (USD 4.5 million).
  • These corridors already have sprung up business opportunities to tune of 24 Million RMB (USD 4.6 million) and 62 Million RMB (USD 8.9 million) respectively.

What is NASSCOM?

  • The National Association of Software and Services Companies (NASSCOM) is a non-profit global trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry which was established in 1988 with over 1500 members, of which over 250 are companies from the US, UK, EU, Japan and China.
  • NASSCOM facilitates business and trade in software and services and encourages the advancement of research in software technology. It is registered under the Indian Societies Act, 1860.
  • NASSCOM is headquartered in New Delhi, India with regional offices in the cities of Mumbai, Chennai, Hyderabad, Bangalore, Pune and Kolkata.
  • NASSCOM initiatives include:
    • Domestic Market Initiative, created to integrate the IT and non-IT sectors and to plan for continued IT industry growth.
    • Innovation Initiative, created to foster and an environment that meets the specific needs of Indian businesses of all sizes.
    • Education Initiative, created to provide additional training and skill enhancement to improve graduate employability. This initiative also interfaces between industry, academia and government.
    • Women in Leadership-IT Initiative, created to increase the number of women entering the IT-BPO industry and enhance the career prospects for those women in the industry.
    • Security Initiative, created to promote information security and compliance through public education and creation of a security-aware environment.
  • Roles include:
    • Set Strategic direction for industry
    • Policy advocacy for Industry growth.
    • Best practices, sharing & collaboration
    • International partnerships & affiliation
    • Workforce development
    • Sustainability

http://iasipstnpsc.in/information-technology-it-act/

https://economictimes.indiatimes.com/tech/software/india-launches-3rd-it-corridor-in-china/articleshow/68320746.cms

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