BEIJING: Even as Indian IT firms have begin to suffer setbacks in the US market, a new opportunity is opening up in China, which is keen to invite them to participate in the big data sector.
This was evident to a delegation comprising executives of 10 Indian IT companies, who went about scouting for business opportunities during an international conference on big data in Guiyang, the capital of China’s Guizhou province last week.
In a rare move, the Guizhou province invited Rajendra Pawar, the chairman of NIIT, to become a member of its advisory committee for development of Big Data business with the help of international collaborations. NIIT, which has a strong presence in China’s IT education scene, has opened its largest big data training facility in Guiyang.
“China has very closely observed the phenomenon where Indian IT sector has grown by adding huge value to developed countries. This is why they would like to collaborate with Indian companies in a big way,” Pawer told TOI.
Chinese companies are now seeking collaboration with Indian firms in complex areas like analysing large blocks of data, and putting them to wider use. They have also shown interest in investing in Indian start-ups, Gagan Sabharwal, director of industry body, NASSCOM, said.”All companies in our delegation are extremely hopeful of landing business in China. They are ready to invest in local presence, and work with local agencies,” Sabharwal, who led the delegation said. “Getting Chinese investments in the early stages of IT firms would be very helpful. So far, we have had Chinese investments in Indian IT companies, which have already grown and proved their worth,” he said.