Shanghai incubator park invites Indian tech companies

Hyderabad: The Shanghai Jiading Advanced Technology Innovation and Business Incubator has set out the red carpet for Indian technology innovators and SMEs, especially in renewable energy, biomedical devices and advanced manufacturing.

A team of officials from the Jiading facility, which has about 130 companies, visited Hyderabad to interact with industrialists and research institutions.

The team is marketing the facility as the first step to enter into the Chinese market, as setting up a unit there has become easier since the Shanghai administration unrolled reforms in the form of a free trade zone policy last year.

“We not only help incubators and start-ups set up their business in Jiading, but we also invest in early stage companies and help other businesses to raise resources,” Jia Zeng Qiang, deputy director, told a meeting of entrepreneurs organised by the Federation of AP Chambers of Commerce and Industries here today.

He said they were especially focussing on innovative technology companies, which can share and grow their technologies jointly with similar Chinese companies.

Satyam-Venture Engineering Services ltd, which provides automotive engineering solutions, is one of the first Indian companies to set up a unit at the Jiading facility. “Our experience has been good. We are now looking at setting up a laboratory there and later expanding into other parts of China,” PV Krishnakumar, Vice-President of the company, said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.