India’s National Association of Software and Services Companies (NASSCOM) has set up its second Sino-Indian Digital Collaboration Opportunities Plaza (SIDCOP) platform in China to provide market access to Indian IT firms in the burgeoning market of China. The deal of RMB 25 million (USD 39,13,342.50) had been signed between the Chinese customers and Indian service providers by China’s Guiyang Municipal government and NASSCOM. Earlier, NASSCOM had inaugurated its first SIDCOP platform in Dalian which is India’s first IT hub in China. The IT corridor in Dalian is packed with India’s pioneer IT firms that are focused on the Internet of Things (IoT) whereas Guiyang’s IT corridor will be focusing on the Big Data. The Artificial Intelligence powered SIDCOP platform is provided by an Indian Startup, Zeta-V technology Solutions. “Our AI-powered and big-data analytics enabled SIDCOP platform would assist local Chinese customers and India based NASSCOM partners to guide in the next phase of growth for Indian IT services in China,” said the Founder of the Zeta-V, Sujit Chatterjee. China is currently working on AI technology to end its dependence on the manufacturing and expand its exploration of the Internet of things (IoT) technology. Top Chinese firms like Alibaba, Tencent and Baidu are investing USD 15 million in the AI-related technologies.

Sasken technologies, OneGlobe and Fugumobile are among the first Indian companies to enter into a bilateral agreement with Chinese companies in Guiyang. India has been trying to gain access to the Chinese market for the IT firms and pharmaceutical firms for several years to reduce the bilateral trade deficit. The SIDCOP platform in Guiyang is the result of the informal summit happened between Prime Minister Narendra Modi and Chinese President Xi Jinping in Wuhan. The platform is a combination of an online and offline platform that facilitates an agreement with Chinese local industry to help the Indian firms gain profit in the Chinese domestic market. Gagan Sabharwak, Senior Director, Global Trade Development, NASSCOM said, “It is a proud moment for us to launch this platform here in Guiyang to promote Co-create culture with the Chinese industry to promote mutual leadership in the global innovation ecosystem”.