China made mistake of ignoring India's high-tech talent: Report

CA Technologies has disbanded its almost 300-person research, development team in China

Press Trust of India  |  Beijing 

Communist Party of China
Photo: Reuters

has made a "mistake of ignoring" experts from India, Chinese official media said on Friday, underlining that the Communist giant should attract high-tech Indian talent for maintaining its innovation ability.

"has made the mistake of ignoring Indian talent, and instead has attached a greater importance to talent coming from the and Europe," an article in state-run Global Times said.

"has perhaps not been working hard enough to attract talent from India to work in the country," the tabloid daily from the group of ruling of which has been carrying articles critical of India all most on daily basis in recent months said in a rare positive write-up.

"Over the past few years, witnessed an unprecedented boom in tech jobs as the country became an attractive destination for foreign research and development centres."

"However, now some high-tech firms are turning their attention from to India due to the latter's relatively low labour costs. Attracting high-tech talent from India could be one of China's options for maintaining its innovation ability," it said.

Referring to reports that US-based software firm has disbanded its almost 300-person research and development team in while setting up a team in India with some 2,000 scientific and technical professionals over the past few years, it said, "with a sufficient young talent pool, India is becoming increasingly attractive."

"cannot afford to risk a decline in its attractiveness for high-tech investors. The nation is among the third echelon in cutting-edge technology fields and is working to catch up with the and the result of its efforts will decide whether will maintain its status as an emerging global economic power," it said.

in recent year boosted the budget for technological innovation by allocating billions of dollars of incentives for start-ups and research firms as it witnessed decline of its labour force due to rapid increase in old age population.

has carried out a lot of measures, including increasing research spending and creating a favourable investment environment for high-tech firms, to enhance its innovation capability.

"However, one issue has become increasingly prominent: The talent pool in is not large and flexible enough to meet demand for the rapid expansion of innovation capability," the article said.

"In Silicon Valley, a considerable number of software developers working there are born outside the should also strive to attract more foreign talent into the country as it aims to build itself into a world-class research hub," it said.

"A total of 1,576 foreigners were granted Chinese permanent residence in 2016, registering an increase of 163 per cent from the previous year. It seems that is aware of the importance of tapping into talent," it said.

"Some reports claim that the cost of employing an Indian engineer is just half the cost of hiring a Chinese worker, which means Indians could see their revenue more than double if they came to work in China," it said.

"Some enterprises in Southwest China's Guizhou Province provide convenience for Indian talent in terms of housing, insurance and transportation and could enjoy a much better standard of living in Guizhou cities than in Bangalore," it said.

China made mistake of ignoring India's high-tech talent: Report

CA Technologies has disbanded its almost 300-person research, development team in China

CA Technologies has disbanded its almost 300-person research, development team in China
has made a "mistake of ignoring" experts from India, Chinese official media said on Friday, underlining that the Communist giant should attract high-tech Indian talent for maintaining its innovation ability.

"has made the mistake of ignoring Indian talent, and instead has attached a greater importance to talent coming from the and Europe," an article in state-run Global Times said.

"has perhaps not been working hard enough to attract talent from India to work in the country," the tabloid daily from the group of ruling of which has been carrying articles critical of India all most on daily basis in recent months said in a rare positive write-up.

"Over the past few years, witnessed an unprecedented boom in tech jobs as the country became an attractive destination for foreign research and development centres."

"However, now some high-tech firms are turning their attention from to India due to the latter's relatively low labour costs. Attracting high-tech talent from India could be one of China's options for maintaining its innovation ability," it said.

Referring to reports that US-based software firm has disbanded its almost 300-person research and development team in while setting up a team in India with some 2,000 scientific and technical professionals over the past few years, it said, "with a sufficient young talent pool, India is becoming increasingly attractive."

"cannot afford to risk a decline in its attractiveness for high-tech investors. The nation is among the third echelon in cutting-edge technology fields and is working to catch up with the and the result of its efforts will decide whether will maintain its status as an emerging global economic power," it said.

in recent year boosted the budget for technological innovation by allocating billions of dollars of incentives for start-ups and research firms as it witnessed decline of its labour force due to rapid increase in old age population.

has carried out a lot of measures, including increasing research spending and creating a favourable investment environment for high-tech firms, to enhance its innovation capability.

"However, one issue has become increasingly prominent: The talent pool in is not large and flexible enough to meet demand for the rapid expansion of innovation capability," the article said.

"In Silicon Valley, a considerable number of software developers working there are born outside the should also strive to attract more foreign talent into the country as it aims to build itself into a world-class research hub," it said.

"A total of 1,576 foreigners were granted Chinese permanent residence in 2016, registering an increase of 163 per cent from the previous year. It seems that is aware of the importance of tapping into talent," it said.

"Some reports claim that the cost of employing an Indian engineer is just half the cost of hiring a Chinese worker, which means Indians could see their revenue more than double if they came to work in China," it said.

"Some enterprises in Southwest China's Guizhou Province provide convenience for Indian talent in terms of housing, insurance and transportation and could enjoy a much better standard of living in Guizhou cities than in Bangalore," it said.
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