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2nd IT Corridor in China
May 31 , 2018
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- India launched its second IT corridor at Guiyang in South West China to cash in on the burgeoning Chinese software market.
- The Chinese Software Market remained elusive despite the presence of top Indian technology firms.
- The National Association of Software and Services Companies (NASSCOM) has established the second Digital Collaborative Opportunities Plaza (SIDCOP) platform in China.
- It is an effort to provide market access to Indian IT firms in the huge Chinese market.
- Last December, the NASSCOM established its first SIDCOP platform in the Chinese port city of Dalian, which is India's first IT hub in China.
- While Dalian corridor's focus was on IOT (Internet of Things), the Guiyang corridor will focus on Big Data.
- India has been demanding China to provide market access to Indian IT and pharmaceutical firms for several years to reduce the bilateral trade deficit.
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