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

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter