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Tech cities to propel $40 bn Indo-China trade
By siliconindia
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Thursday, 29 March 2007, 17:30 IST
BANGALORE: The Chinese government hopes to touch $40 bn in trade with India by 2010, Chinese Ambassador to India, Sun Yuxi noted at the seminar on 'Suzhou Industrial Park (SIP): Gateway to Business in China' in Bangalore. Bangalore and Suzhou would make a significant contribution to the trade pie between the two countries, he added.
"While China is considered as global hub for manufacturing, India has best of software expertise to complement it," said Yuxi. The cities of Bangalore and Suzhou are backed by infrastructure, talent and resources and can complement each other and drive the engines for trade growth between two countries.
Using the opportunity to entice Indian companies and entrepreneurs to start shop in SIP, Yuxi said that since China and India share similar goals and face huge bilateral opportunities, China is looking forward for win-win cooperation with India.
Suzhou Industrial Park, home to 10,000 local companies and 2,700 foreign invested companies, started in 1994 as a joint cooperation between Chinese and Singapore Government, is expected to soon become China's biggest software outsourcing and BPO industrial base. The park hosts 60,000 employees and is a base for leading TFT-LCD manufacturers, OEMs and service-providers, including Samsung, AUO, Hitachi and manufacturing 200 software enterprises including Infineon, NTC and Suzsoft.
The sidelines of the seminar also witnessed the signing of an agreement between the Indian IT consulting and Services Company Datamatics and Chinese ITO/BPO player DarwinSuzsoft. The two companies, in collaboration, have set up a 20,000 square meter software development center in SIP, to provide software design engineering and quality assurance services.
Rahul Kanodia, Managing Director, Datamatics, said that both the companies would jointly invest $15 mn on the development center over a period of two years. Currently, it houses 50 software engineers, and it is looking to ramp up the headcount to 1,500 employees within 18 months."