India asks China to open up IT sector

India pressing China hard to open up its IT and pharmaceutical sectors to bring about semblance of balance as bilateral trade heavily tilted in China's favour

PTI | September 6, 2011



Making its presence felt at China's biggest IT fare with a high-power delegation, India on Monday asked Beijing to deliver on its commitment to open up huge IT sector to Indian firms to bridge the yawning trade gap.

Leading the Indian IT delegation, which included NASSCOM President Som Mittal and top officials of major IT companies, Indian Ambassador S Jaishankar said that it is the time China should open its markets, like India did to Chinese products.

"We represent an industry symbolised by Bangalore. It has clocked revenues of USD 76 billion last year which is expected to grow to USD 225 billion by 2020. It employs 2.5 million workers, includes more than 5000 companies, and services almost 70 nations in 35 different languages," Jaishankar said.

"Our presence in Nanjing today is a serious statement of this industry's interest in China," he said in his address at the inauguration of seventh China International Software Product Expo at Nanjing.

"The big missing piece in the industry's global portfolio is business from Chinese companies, particularly State-owned enterprises. This is significant in itself but even more noticeable against a backdrop of surging India-China economic cooperation," he said.

These very Chinese companies are actually those that are taking our trade to the USD 70 billion level this year, making India China's 7th largest export destination, he said. "We strongly believe that an IT relationship with India will not only help them become more global and efficient but also greatly enhance their connectivity with the Indian economy," he said.

Nanjing expo is regarded as the one of the two biggest annual IT events in China. It was held against the backdrop of city's plans to emerge as a new Bangalore, carving a niche in global software industry.

Since last year, India is pressing China hard to open up its IT and pharmaceutical sectors to bring about semblance of balance as bilateral trade heavily tilted in China's favour, though it grew to a record USD 61 billion last year. India's trade deficit with China in 2010 stood at USD 20.02 billion, more than USD 15.87 billion registered in 2009.

India also held a special seminar on the sidelines of the expo during which the Indian IT companies made presentations on cloud-based computing, banking retail, retail, engineering auto sector, engineering services, e-governance and smart cities concepts.

Comments

 

Other News

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter