Financial Daily from THE HINDU group of publications
Monday, Apr 11, 2005
Financial Daily from THE HINDU group of publications Monday, Apr 11, 2005 |
|
|
|
|
|
Info-Tech
-
Events Chinese PM wants closer IT ties — Nasscom offers help to set up counterpart there Our Bureau
Mr S Ramadorai, CEO and Managing Director, Tata Consultancy Services, with the Chinese Prime Minister, Mr Wen Jiabao, in Bangalore on Sunday. - - G. R. N. Somashekar
Bangalore , April 10 THE visiting Chinese Premier, Mr Wen Jiabao, who made Bangalore his first stop in India, called for greater cooperation in information technology so that the two countries could take on the world markets. "If India and China cooperate in the IT industry, we will be able to lead the world IT industry and when the particular day comes, it will signify the coming of the Asian century," Mr Wen Jaibao told reporters during his visit to the TCS facilities here on Sunday. Mr Wen Jaibao urged Indian companies to co-operate with the Chinese so that India's software prowess and China's strength in hardware could be used to cater to domestic, regional and world markets. "The Indian software industry is taking an important position in the world and China, in recent years, has made rapid progress in the IT industry," the Chinese Premier said. In India, the software sector contributes 4 per cent of the gross domestic product. The sector grew at a compounded annual growth rate of 43 per cent in 2003-04 and is expected to touch $78 billion in 2008, according to the National Association of Software and Service Companies' estimates. The Chinese IT industry is growing very fast as witnessed by the 250 million fixed lines and 250 million mobile phones in the country, paralleled by 100 million computers and 100 million Internet users, said the Chinese Premier.Both China and India could tap their human resources, their markets as well as the ever-broadening worldwide market for the IT industry, he said, adding that India-China cooperation should see the corporates of the two countries working together. "The Indian IT/ITES companies are represented by Nasscom, an industry body, and we can help set up a similar organisation in China said," said Mr S. Ramadorai, Chairman, Nasscom, and CEO, TCS. Although there was information about tele-density and Internet penetration, there were no reliable estimates of the Chinese market and its companies, said Mr Ramadorai, adding that the Chinese Premier viewed Nasscom's suggestion favourably. looked favourably on its suggestion to help set up a counterpart in China. Nasscom planned to take a delegation of Indian companies to China so that it can they could see and learn about for themselves the benefits of and challenges in operating in China. The delegation woull also look at partnership and collaborative opportunities, he said. Mr Wen also visited the Indian Institute of Science, the Indian Space Research Organisation and Huawei Technologies, a wholly-owned Chinese IT company.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|