A Chinese daily said ignoring Indian talent and attaching too much importance to the workforce from the US and Europe is China’s mistake….reports Asian Lite News
However, the editorial in Global Times caustically said it was way cheaper to hire Indians as “the cost of employing an Indian engineer is just half the cost of hiring a Chinese worker”.
The paper said wooing high-tech talent from India would help China in innovation.
“China has perhaps not been working hard enough to attract science and technology talent from India to work in the country,” it said.
“Over the past few years, China witnessed an unprecedented boom in tech jobs as the country became an attractive destination for foreign research and development centres.
“China has made the mistake of ignoring Indian talent, and instead has attached a greater importance to talent coming from the US and Europe.”
Citing some reports, the paper said: “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.
“However, now some high-tech firms are turning their attention from China 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 cited how an American software firm had shut its research and development team of 300 people unit and set up a unit in India with some 2,000 professionals.
“With a sufficient young talent pool, India is becoming increasingly attractive.
“China 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 US and the result of its efforts will decide whether China will maintain its status as an emerging global economic power.”
It said China’s talent pool was not large and flexible enough to meet demand for the rapid expansion of innovation capability.
“Some enterprises in Guizhou province provide convenience for Indian talent in terms of housing, insurance and transportation who could enjoy a much better standard of living in (China) than in Bangalore.”