XI'AN, China, Jan. 20 /PRNewswire/ -- The sixth annual Global Sourcing Summit, "New Opportunities for a Changing World," held Nov. 10-11 of last year, provided an entry point for global entrepreneurs seeking to expand their businesses on both the client and consumer side of outsourcing and IT services.
The major development revealed during the summit was the building of a 5.7-square kilometer software city over the coming years. The park will invest more than 100 billion RBM, using state-of-the-art information technology and eco-friendly design, to host over 200,000 global IT entrepreneurs looking to relocate and cut costs or to launch their business for the Chinese market.
"We are attracting more global business since the financial crisis started," said Zigeng Wang, director of the Xi'an software park. "Companies are focused on finding value now more than ever." Xi'an's unique coupling of a high concentration of engineers with a low cost of living provides an unequaled opportunity for businesses in search of value.
"The scale and growth of the Chinese economy means opportunities for global entrepreneurs," continued Wang. "China is not only an established valuable IT service supplier, but also an important consumer for various IT services, and we want to be the gateway to help those entrepreneurs access the dynamic Chinese market."
Xi'an is establishing itself as China's hub for outsourcing and beyond, as developments over the last several years demonstrate:
- The software park maintained 35% year-over-year growth since its foundation in 2001, even in the face of recent economic downturn worldwide.
- Five global Fortune 500 companies -- including DENSO, Rockwell and Yum Brands -- have recently established their IT centers in Xi'an.
- IAOP announced the launch of a chapter in Xi'an, its first in China's strategic midwestern area.
Xi'an also benefits from a strong domestic growth market and increasing demand of Chinese companies to improve their IT systems. As China is rising to become the world's second-largest economy in 2010, midwestern development is the focus of the state's strategic growth plan.
"This will be the signature IT city of the world," said Wang, "an opportunity no one should miss."
About Global Sourcing Summit
The Global Sourcing Summit in Xi'an, founded in 2004, is one of the most significant annual outsourcing events in China, featuring industry leaders, officials from the Ministry of Commerce and State Government, and leading analysts and scholars from both within China and overseas. Last year's event attracted more than 400 VIP guests and overseas participants, including the International Association of Outsourcing Professionals (IAOP), Microsoft, IBM, XL Solutions, SAP, UBS, Tribune Company, Northwest Productions, Cypress River Advisors and Fesworld. Officials from the Ministry of Commerce, Ministry of Industry & Information Technology, and the Shaanxi provincial government also participated.
For more information: http://blog.serviceoutsourcing2china.com/?p=125
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Global Sourcing Summit