China offers many opportunities to the Indian IT industry: Nasscom
China offers a host of opportunities to the Indian IT industry including servicing the north Asian market, Nasscom Chairperson Som Mittal said in Bangalore.business Updated: Oct 27, 2009 21:55 IST
China offers a host of opportunities to the Indian IT industry including servicing the north Asian market, Nasscom Chairperson Som Mittal said in Bangalore.
"China holds four major opportunities for us, including servicing the north Asian market," Mittal said at a press conference during the two-day Nasscom Product Conclave and Expo 2009.
Other avenues for Indian software firms are to cater to the rapidly growing chinese market, addressing customers in the West, who are starting companies in China and servicing new customers out of China, he said.
When asked about Western nations especially the US resorting to protectionist measures, Mittal said he would be surprised if any direct protectionism comes into play.
"In this condition of economic downturn, protectionism is natural. But now they (firms) have realised it is a knee-jerk reaction. What we need to guide ourselves against is indirect protectionism".
"Though we are not seeing high levels of growth, there is reasonable stability now. The four to seven per cent growth forecast by NASSCOM for the IT industry this year would be achieved. We have already started seeing a paradigm change in hiring", he said.