China to approach Infosys, HCL to set up units in Jiaxing

China would approach Indian software majors such as Infosys and HCL to set up units in IT and BPO parks, which will come up in Jiaxing city, a Chinese official said today. Jiaxing city plans to set up three to five IT/BPO parks and is now in the process of contacting big IT companies from India like Infosys, HCL, and TCS, Jiaxing Municipal Bureau of Foreign Trade and Economic Cooperation Vice-Director Shen Wenping said at a CII meet here.

India is the 15th largest exports destination and 29th largest exporter to Jiaxing. Wenping further said the trade between India and China is likely to touch $60 billion in 2009, up from $51.7 billion last year. A delegation from China is on a visit to India to promote Jiaxing as an attractive investment destination for Indian enterprises and to foster bilateral ties.