Nasscom has entered into a partnership with Xuzhou from Jiangsu Province in China to help develop an IT corridor to facilitate partnerships between Indian and Chinese companies.
Suzhou is in the centre of Huai Hai economic zone and is close to major industrial and economic hub like Shanghai, Beijing, Hangzhou, Nanjing and Suzhou.
Through this partnership, the platform will be launched to adopt digital transformation from verticals such as – manufacturing, retail, automotive, healthcare and utilities and help create innovative product and solutions in the co-create mode. This partnership will help create more jobs in Xuzhou and India, facilitating talent transfer between the two countries.
The previous IT corridors in Dalian and Guiyang have already sprung up opportunities to the tune of $4.6 mn and $8.9 mn respectively. These two corridors have paved the way for cooperation in co-create mode in the emerging technologies such as AI, IoT and analytics in the Chinese market.
Mayor of Xuzhou Municipal Govt. said, “We sincerely hope that the Nasscom will bring its advantages on capital, talents and technology in accordance with the content of the agreement, to improve the construction, operation and development of the park, so as to build a world-class service outsourcing cooperation development platform.”
Commenting on the collaboration, Gagan Sabharwal, senior director, Nasscom said, “This Corridor will help strengthen China India Digital Cooperation leveraging our respective strengths in hardware and software to build innovative products and solutions in co-create mode. Given that this region is known for its manufacturing capabilities, we expect many collaborative case studies emerging from the smart manufacturing domain.”
Commenting during the launch, Shri Anil Kumar Rai, Consul General Shanghai said “China being a dominant manufacturing country requires software, IT and IT enabled services to transform towards smart manufacturing. IT Corridor at Xuzhou has potential to fill the critical institutional void of software support for small and medium size industries in their own language.”