India and China should leverage the skills of their respective IT industries to collaborate on a global scale rather than compete against each other, Nasscom president Kiran Karnik said here Tuesday.
Inaugurating the second Sino-India software industry cooperation summit, Mr Karnik said Chinese industry should make best use of India’s software expertise for adding value to their products and services. "Since India has a head start over China in software, Chinese firms can leverage our skills and add value to their products across verticals such as manufacturing, consumer durables, commodities and services like the banking and financial sector," he told an audience that included a 20-member delegation from Beijing.
"Instead of competing against each other, Indian and Chinese IT firms should collaborate in big projects to complement their respective strengths for a win-win situation in the global arena. They should bid for major projects jointly to make optimal use of their resources."Beijing vice-mayor Fan Boyuan said Chinese industry was willing to join hands with its Indian counterparts in software, hardware, electronics and manufacturing for cashing in on the rapid economic growth in both countries.
"We look forward to more and more Indian companies setting up their operations in China, especially Beijing, and capitalising on growing opportunities to grow their business by catering to domestic and export markets in the Far East," Mr Fan said. Mr Karnik pointed out that India’s knowledge sector had made the best use of convergence technologies to provide a range of services and utilities, and China could replicate this success by using Indian expertise.
"Similarly, we see immense potential for the small and medium enterprise sector in both countries to collaborate and complement their strengths for designing and manufacturing products that can be marketed across the world at a competitive price," Mr Karnik said.
Inaugurating the second Sino-India software industry cooperation summit, Mr Karnik said Chinese industry should make best use of India’s software expertise for adding value to their products and services. "Since India has a head start over China in software, Chinese firms can leverage our skills and add value to their products across verticals such as manufacturing, consumer durables, commodities and services like the banking and financial sector," he told an audience that included a 20-member delegation from Beijing.
"Instead of competing against each other, Indian and Chinese IT firms should collaborate in big projects to complement their respective strengths for a win-win situation in the global arena. They should bid for major projects jointly to make optimal use of their resources."Beijing vice-mayor Fan Boyuan said Chinese industry was willing to join hands with its Indian counterparts in software, hardware, electronics and manufacturing for cashing in on the rapid economic growth in both countries.
"We look forward to more and more Indian companies setting up their operations in China, especially Beijing, and capitalising on growing opportunities to grow their business by catering to domestic and export markets in the Far East," Mr Fan said. Mr Karnik pointed out that India’s knowledge sector had made the best use of convergence technologies to provide a range of services and utilities, and China could replicate this success by using Indian expertise.
"Similarly, we see immense potential for the small and medium enterprise sector in both countries to collaborate and complement their strengths for designing and manufacturing products that can be marketed across the world at a competitive price," Mr Karnik said.