India on 27th March ,Friday launched an aggressive campiagn to showcase its IT capabilities in CHINA to convince local companies inorder to bridge the trade imbalance between the two nations.
Officials of over 300 top end chinese companies , including that of government owned undertaking attended India-China Business Technology submit in which NASSCOM President ,Som Mittal and other officials of top Indian IT firm made presentations.
Lou Qinjian ,Vice chairman of Chinese ministry of IT also attended the meeting.India ambassador S JaiShankar told in the meeting that " India is not asking for any favours as we are already competitive in this field .And India is just making an aggressive pitch to woo the chinese companies telling them if they have the ambition to become a global chinese comapnies they need a global IT solution provider.He told that cost wise and Quality wise we are superior to them "
India's total trade with China is about $ 42 billion this year with balance of trade tilting massively in favour of China. India imported a whooping of $32 billion and exported only $ 9.2 billion of goods ,mostly raw material like oil seeds and iron ore.
The main aim of this IT submit was a part of the strategy to attract local companies as the Chinese government has agreed to encourage its firms to look at Indian IT market.
FUTURE PROSPECT: India would make a strong bid to make strong dent in the Chinese market in IT ,Pharmaceuticals, Engineering Services and Agro products as India is strong in these fields.
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