Indo-China Joint Ventures a Big Deal?

Indo-China Joint Ventures a Big Deal?

Pramod Mahajan's (India's IT minister) recent visit to China and Wu Jichuan's (China's minister of Information Industries) earlier visit to India have resulted in India and China signing a Memorandum of Understanding (MOU) for collaboration in software and hardware.
As per the MOU India is to capitalize on its software expertise while China offers its hardware manufacturing strengths. The two countries are to bid jointly for international IT projects.
China recognizes India abilities in software and India likewise realizes China's proven skills in computer hardware. As per the Wall Street Journal, Mr. Mahajan said, "China already has hardware but they are no masters of software. India has software. Hence we are natural allies. Together we can be global players."
There have been interesting developments between the two countries in the last year.