India’s premier IT industry body today signed a major agreement with an influential local Chinese government to provide a head start for Indian firms in the field of Artificial Intelligence and Internet of Things.
The National Association of Software and Services Companies (NASSCOM), India’s premier trade body for IT-BPM companies, signed a framework agreement with Dalian Municipal People’s Government, allowing more Indian companies to penetrate into huge Chinese software market.
Dalian houses China’s most high tech manufacturing firms specialising in ship building, automotive and chemical industries. The agreement was signed at Dalian on the sidelines of the first India-China Dalian Internet of Things (IoT) Conference aimed at exploring opportunities for better alliances between Indian and Chinese companies.
The day-long event was attended by over 50 delegates from the Chinese industry along with the Mayor of Dalian, Xiao Shengfeng and 30 Indian delegates led by Joint Secretary, Department of Commerce Sudhanshu Pandey.
The agreement is the best option to make inroads into China’s IoT and Artificial Intelligence (AI) markets after failing to get a major market share in IT, Gagan Sabharwal, Senior Director, Global Trade Development, NASSCOM said to an English daily.
By Baishakhi Dutta
