A company displays proposed solutions for Smart Home technologies, the future of residential real estate, during the Internet of Things World conference at the Convention Center in Dublin last year. (Photo : Getty Images)
Opportunities for collaboration in the Internet of Things (IoT) sector between Chinese manufacturers and the Indian IT industry were explored during a China-India IT symposium recently held in Nanjing in Jiangsu Province.
According to a Global Times report, the symposium was organized by the Consulate General of India in Shanghai along with the Nanjing Municipal People's Government, in partnership with NASSCOM, the chamber of commerce of the IT-BPO industries in India.
The report said that the day-long event was attended by about 50 major Chinese companies from sectors that include aviation engineering, intelligent equipment manufacturing, health, smart grids, energy saving and environmental protection technologies, new generation IT, and big data cloud computing.
A dialogue among CEOs was also held, participated in by representatives from the Indian IT companies such as Infosys, Wipro, TCS, HCL, Tech Mahindra. Sessions on artificial intelligence, IT application in the time of Internet Plus and on the ecological construction of intelligent industry, were also held, the report said.
Prakash Gupta, the Consul General of India in Shanghai, opened the event. He urged both Indian and Chinese companies to further collaborate in the IT and IT Enabled Services (ITES) sector. He said Chinese companies must take advantage of opportunities presented by the "Make in India" initiative of the Indian government.
On the other hand, Xie Zhizheng, Vice Mayor of Nanjing Municipal Government, welcomed Indian IT companies which are engaged in collaborative ventures in the Chinese market.
Gagan Sabharwal, director of global trade development for NASSCOM, said that the combination of Chinese manufacturing skills and Indian software knowledge could result in a "natural win-win" situation for companies from countries and enable them to collaborate to produce world-class products.
As the world's largest sourcing destination for the IT industry, India accounts for 67 percent of a $124-130 billion market. Due to its intellectual capital, the country became popular among several global IT firms which eventually set up innovation centers in India.
