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Indian IT Exports to China
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Indian IT Exports to China is an integral part of the total Indian exports to china, with the bilateral trade between the two countries amounting to US $ 11.3 billion during the year 2005 which under joint efforts is to be increased to US$ 20 billion or higher by the year 2008. The bilateral trade have significant growth potential in areas like IT and ITES.
Regarding the Indian IT Exports to China, the recent laws of china on restricting the foreign software companies selling software in China has been a set back for Indian software companies. The cordial bilateral trade relations however will soon ease out such tensions and there is a great possibility that Indian software companies will be allowed to sell software services to Chinese companies.
Indian IT Exports to China has become a new bridge between the two countries facilitating the growth of bilateral trade and co-operation between the two countries. Not only software products, the Indian software companies also export IT- based know-hows to the Chinese software firms. Chinese officials and executives of almost all major Chinese software companies travel to the Silicon Valley of India or the city of Bangalore in order to learn the essence of India's software industry.
Many Indian software firms under the Confederation of Indian Industries signed a Memorandum of Understanding with the Shanghai-Pudong Software Park of china to promote Indian and Chinese co-operation in software. Moreover in order to accelerate the Indian IT Exports to China many Indian software firms have moved into the park.
Some of the major Indian software houses like NIIT, Mphesis, Infosys, Satyam, and Tata Consultancy Services have been outsourcing in China. They on one hand in an advantageous position due to their superior traditional skills in terms of management compared to the weaknesses of Chinese developers. Moreover with the help of the local and language-specific expertise of Chinese professionals, the Indian firms can capture the Chinese domestic market as well as other ones in the far east Asian countries. Moreover the conducive conditions of china like the upcoming opportunities in China, her economic growth, political stability, and human resources makes China an ideal place for establishing a second global delivery center for Indian software firms.
Indian IT Exports to China has become a new bridge between the two countries facilitating the growth of bilateral trade and co-operation between the two countries. Not only software products, the Indian software companies also export IT- based know-hows to the Chinese software firms. Chinese officials and executives of almost all major Chinese software companies travel to the Silicon Valley of India or the city of Bangalore in order to learn the essence of India's software industry.
Many Indian software firms under the Confederation of Indian Industries signed a Memorandum of Understanding with the Shanghai-Pudong Software Park of china to promote Indian and Chinese co-operation in software. Moreover in order to accelerate the Indian IT Exports to China many Indian software firms have moved into the park.
Some of the major Indian software houses like NIIT, Mphesis, Infosys, Satyam, and Tata Consultancy Services have been outsourcing in China. They on one hand in an advantageous position due to their superior traditional skills in terms of management compared to the weaknesses of Chinese developers. Moreover with the help of the local and language-specific expertise of Chinese professionals, the Indian firms can capture the Chinese domestic market as well as other ones in the far east Asian countries. Moreover the conducive conditions of china like the upcoming opportunities in China, her economic growth, political stability, and human resources makes China an ideal place for establishing a second global delivery center for Indian software firms.
