Want to share with your friends too?

World
25 Feb 2017

China made a mistake of ignoring India's talent: Chinese Media

China to look towards India for hi-tech talent

Chinese official media said that China has made a "mistake of ignoring" science and technology experts from India.

By saying this, the Chinese official media has underlined that China should draw high-tech Indian capability for sustaining its innovation ability.

However, now some high-tech firms are shifting their concentration from China to India due to the latter's comparatively low labor charges.

In context

China to look towards India for hi-tech talent

China vs India

US software firm disbands Chinese research team

Reports claimed that a US-based software firm- CA Technologies let go of its "300-person research and development team in China".

Reports also claim that this will now go to India with 2,000 scientific and technical experts.

Reacting to this, Chinese media said that China couldn't afford to hazard its "attractiveness for high-tech investors" and hence it is important to look towards India.

25 Feb 2017

China made a mistake of ignoring India's talent: Chinese Media

Chinese official media said that China has made a "mistake of ignoring" science and technology experts from India.

By saying this, the Chinese official media has underlined that China should draw high-tech Indian capability for sustaining its innovation ability.

However, now some high-tech firms are shifting their concentration from China to India due to the latter's comparatively low labor charges.

Indian engineer half the cost of a Chinese engineer

According to the Chinese media "cost of employing an Indian engineer is just half of hiring a Chinese employee".

Love World news?

Stay updated with the latest happenings.

Notify Me

China's initiatives towards innovation

Details

China's initiatives towards innovation

China, in order to come at par with India in recent years, has increased the budget for technological discovery by earmarking billions of dollars of incentives.

This has been primarily allocated for start-ups and research firms.

China has initiated steps such as "increasing research spending and creating a favorable investment environment for high-tech firms, to enhance its innovation capability".

A friendlier China

China moving towards a US model

From a country that did not grant foreigners citizenship and had a xenophobic view, China has come a long way.

In 2016, almost 1,576 foreigners were given permanent residency in China.

This number is 163% more from 2015 and shows how China is looking to mimic Silicon Valley to attract maximum foreign talent and hope to build China as "a world-class research hub".

Ask NewsBytes
User Image

Next Timeline