India Launches Its 2nd IT Corridor In China

India launched its second IT corridor in China to cash in on the burgeoning Chinese software market. The National Association of Software and Services Companies (NASSCOM) has established one more Sino-Indian Digital Collaborative Opportunities Plaza (SIDCOP) platform in China.

Agreements worth about six million US Dollars were signed between Indian service providers and Chinese customers at the launch of the corridor by China’s Guiyang Municipal government and the NASSCOM. In December 2017, the NASSCOM established its first SIDCOP platform in the Chinese port city of Dalian, which is India’s first IT hub in China.
Source- AIR World Service

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Rishad Premji is the chairman of NASSCOM.
  • China Capital- Beijing, Currency- Renminbi, President- Xi Jinping.