Indian IT firms to increase China presence

BANGALORE: The middle kingdom is beckoning Indian IT companies like never before. Around 18 Indian companies including TCS, Infosys, Wipro and others have already set up shop in the country and employ around 2000 people.

NASSCOM chairman S Ramadorai said that he expects this number to double to 4,000 by the end of the year. NASSCOM, in fact, has decided to send a delegation of Indian companies to China in September-October this year to look for opportunities to address the market there.

This development is a consequence of the visit of Chinese premier Wen Jiabao to Bangalore in April this year, where he called for closer collaboration between the two Asian countries. During the visit, Jiabao had commented that India with its software prowess and China with its hardware expertise could take both the countries to a leadership position in IT.