Chinese investors keen on IT hub near Bangalore intl airport
Bangalore will have the country's first Information Technology Investment Region (ITIR) for knowledge-based industries, including software and hardware firms backed up by the entire supply chain.
This was announced by MN Vidyashankar, Karnataka’s principal secretary of industries and commerce. Addressing a gathering of Indian and Chinese businessmen in Bangalore recenlty, Mr Vidyashankar said the Karnataka government has major plans for turning Bangalore into a manufacturing hub for IT related industry and that the state government had already allocated land for the purpose near the Bangalore International Airport.
"This will be a self-sustainable integrated investment region for setting up software firms, back offices and a hardware park for electronics cluster, including chip designing and manufacturing units, with world class infrastructure facilities," Mr Vidyashankar said. Representatives from the China Council for Promotion of International Trade invited Mr Vidyashankar to visit China with a delegation from Karnataka to improve bilateral trade between India and China. The interaction between the Bangalore based businessmen from IT/ITES and the Chinese delegation was organised by the India China Economic and Cultural Council (ICEC), an organisation which promotes trade and cultural ties between India and China with its headquarters in New Delhi.
The ICEC was playing host to a high-profile Chinese business delegation lead by Mr Zhang Qianjiang of the Zhejiang Department of Commerce along with Mr Lv Qi Hangzhou from the Customs of the People's Republic of China and Ms Chen Xiaochun of the China Council for the Promotion of International Trade.
The Chinese delegation was in Bangalore with the specific purpose of understanding India’s outsourcing industry and to learn about its international outsourcing experience in order to promote such services back home. The delegation visited Tata Consultancy Limited and interacted with the TCS team headed by Karthi Madhavan, its Regional Head. TCS will be sending a delegation to China in November to take the exchange forward.
Mr Jairaj, head of ICEC’s Bangalore Chapter, said, "We are in discussion with the state government to send a delegation to China led by senior bureaucrats and industry representative for a fruitful business and cultural exchange between the two countries. The Chinese delegation was extremely happy with the business exchange during its visit to Bangalore and would like to undertake more such visits."