Daily Current Affairs 2021 Nasscom establishes second Indian hub in China | Daily Current Affairs 2021

Nasscom establishes second Indian hub in China

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Aiming to access the growing Chinese software market, NASSCOM has established its first digital collaborative opportunities plaza (SIDCOP platform in Dalian, China.

In a statement, the National Association of Software and Services Companies or NASSCOM said that it has established one more Digital Collaborative Opportunities Plaza (SIDCOP) platform in China in a bid to provide market access to Indian IT firms in the huge Chinese market.  Soon after the launch, Indian IT companies signed an agreement worth RMB 36 million (about USD 6 million) with Chinese customers at the launch of the corridor. The pilot projects launched on the SIDCOP platform would be executed over the next year.

According to reports, Dalian corridor’s focus was on Internet of Things- IoT but the Guiyang corridor will focus on Big Data.

NASSCOM-Global Trade Development Senior Director Gagan Sabharwal, the platform in Guiyang intends to create online and offline presence to promote a “co-create culture” between two large neighbours in the Big Data space’.

Speaking at the launch of the Guiyang IT corridor, India’s Ambassador to China Gautam Bambawale said that the corridor is aimed at setting up local offices and assisting companies from Guiyang to establish software and IT units in India.

An Indian company named ‘Zeta-V’ will establish an Artificial Intelligence enabled platform for SIDCOP to bring together the IT requirements of Chinese companies and Indian companies which have solutions to offer, Bambawale said.

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