CII meet discusses IT opportunities in China

An interactive session, "Business Opportunities in IT with China," was held on Wednesday for evaluation of a strategy to tackle the perceived threat and also the opportunities that China poses for Indian businesses.

Organised by the Confederation of Indian Industry, the session was held after a recent delegation led by Mr. Rajiv Ratna Shah, Secretary IT and CII members visited China, according to an official release.

The economic scenario in India and China was the same before 1979, the year they started liberlisation and now the variation stands two to five times in China's favour, J.S. Rana, Secretary IT, government of Gujarat said.

About the China's emergence as an economic superpower, Mr. Rana said it was due to the transformation of China as a manufacturing hub and the fact that the country had concentrated equally on developing the brick and mortar industry as a hi-tech industry like IT. India should cooperate with China and engage the country for its development, he added.

Sunil Parekh, Senior Director CII, who made presentations covering an overview of China's economic growth and Chairman CII Gujarat council Mukesh Patel were also present at the session.

Republished from The Asian Age