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India has become a regional IT design and development hub in the global electronics marketplace, with an explosion of business. It is forging IT partnerships with tech development companies and government officials from China, Egypt, Pakistan, Australia, Dubai, North Africa, the Middle East and Gulf states. Nasscom's India Leadership Forum in Mumbai was well-attended. Israel and China also want to become new epicenters for global IT products, but India's current market advantage over China is the English language. India seems to view Israel as a mentor. The 2008 Vision Summit of the India Semiconductor Association (ISA) convened in Bengaluru, where Cisco has opened new headquarters. The company's building network architecture for a Saudi Arabian 'smart city.' Cisco said Bengaluru's location in India is an ideal hub from which to serve Dubai. Texas Instruments and Motorola pioneered in India. IBM currently employs 76,000 people there, as part of its global IT strategy for 'integrated centers of excellence' that network together 'from anywhere to anywhere.' India is one of 20 member countries in the Asian-Oceanian Computing Industry Organization (ASOCIO) IT trade association. India's services-only business model is being forced to change to an innovation-driven, intellectual property model, due to inflation, an oversupply of available IT talent, and deplorable infrastructure. India's current 'third wave' of technology partnerships will create a market for its locally-branded, innovative global brands. India plans to grow its $30 billion IT sector to a $100 billion industry within ten years. The National Association of Software and Service Companies (Nasscom) is India's main trade association which organized the India Leadership Forum. Nascomm believes India's on track to meet or exceed its targets for 2010: $60 billion from export of software and services, and $75 billion in overall revenue from software and services.
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