National Association of Software and service Companies will hold a retreat this weekend in China for CEOs of top Indian software companies to brainstorm on the booming Chinese IT market and related issues.
"This is a significant event for us," Nasscom president, Kiran Karnik told PTI in Beijing.
Karnik, who is part of a high-profile Nasscom delegation, currently on a visit to China, said the apex body was, for the second time, holding a retreat in a foreign country. The first one was held in Sri Lanka in 2004.
The retreat will be held in the scenic east Chinese city of Hangzhou during the weekend where CEOs of top Indian software companies will have an in-depth exchange of views on the Chinese market and related issues, he said.
"This delegation is unique as it truly reflects the essence of the Indian IT industry- the home-grown multinational companies, the emerging companies in India as well as the foreign companies that have a large presence in India," CEO and MD of TCS, S Ramadorai said.
"Our visit to China is to get a better perspective of the Chinese IT sector," Ramadorai said, adding that the trip was also a follow-up to the state visit to India by Chinese Premier Wen Jiabao in April this year.
Meanwhile, the Nasscom delegation headed by Ramadorai called on the secretary of the Beijing Municipal Committee of the Communist Party of China on Thursday.
The delegation also met Nalin Surie, Indian Ambassador to China on Wednesday.
Their visit comes five days after Nasscom held an India-China Software Cooperation seminar in Bangalore on the occasion of the visit to the city by Li Yuanchao, Communist Party secretary of east China's Jiangsu province.
Karnik said that opportunities for cooperation in the IT sector between the two large economies are immense and Indian companies need to explore opportunities in the huge Chinese IT market.
Indian software companies are increasingly setting up operations in China as a part of their global delivery model. Chinese companies are also establishing software operations in India and also selling hardware products in the country, he noted.
According to the Chinese ministry of commerce, the sales volume of China-made software rose five-fold to yuan 220 billion ($26.6 billion) from 1999 to 2004, while software exports grew 11 times.
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