China wants its own Bangalore, invites Indian IT firms

Mumbai: China has invited Indian IT and business process outsourcing companies to set up more units in its IT parks and build them up at par with those in cities like Bangalore, Chennai and Pune.
A delegation from Wuxi, an emerging economic zone in the Yangtze river delta, met representatives of software industries here and expressed a desire to convert their district into a "Bangalore of China".
Yang Weize, secretary of Wuxi Municipal Communist Party of China Committee, said: "If China is the factory of the world, India has become the 'office of the world'. This is what we want to do for ourselves. That is why we are here."
Weize pointed out that currently Wuxi has 50 Indian companies. "We are now very keen that more of them should explore the benefits and sops we are providing."
Janet Zhang, director of Wuxi City Investment Promotion Office, told IANS that in fiscal 2006-07 the total imports and exports by Indian companies in Wuxi was set to touch $1 billion -- a growth of 50 percent.