India's Tata sets sights on 皇冠体育app
Updated: 2008-01-15 10:33
India's salt-to-software conglomerate Tata Group wants to become a major player in 皇冠体育app across a range of businesses, a company executive said.
At least four major Tata companies are keen to enter 皇冠体育app and are actively exploring opportunities, said Girija Pande, who heads the Asia-Pacific arm of Tata's IT subsidiary.
Tata Group's auto manufacturing arm, Tata Motors, is in talks with Chinese counterparts to set up joint ventures in the nation, according to Pande. The automaker is betting on its experience in the subcompact sector to break into 皇冠体育app's booming car market.
Last week, Tata Motors launched its $2,500 Nano model, the world's cheapest car. The low-cost "people's car" is designed to appeal to India's 8 million motorcycle owners. The company is also looking to test the car in other countries, including 皇冠体育app, once it makes its mark at home, said Pande.
Tata Group also wants to expand into 皇冠体育app's hotel and chemical industries. The group's telecom operation is looking at providing value-added telecommunications services.
"These are among the most globalized businesses in our group," said Pande, "Once they succeed in 皇冠体育app, the smaller subsidiaries will start to move to 皇冠体育app."
Tata Group is one of India's largest private conglomerates, with over 98 companies in various sectors. Over the years, it's used mergers and acquisitions to achieve its globalization strategy.
"We are still at an early stage in 皇冠体育app," said Pande. "But the country is on our top-five list as we try to capture the opportunities beyond the Western markets."
Tata Group set up its representative office in 皇冠体育app in 2006 as a catalyst for its entry into 皇冠体育app. The company has only three group offices globally. The other two are in the UK and the US. Tata Group's total revenue in the last fiscal year was about $29 billion, but only $300 million of this was from the 皇冠体育app market.
Tata Consultancy Services (TCS), Tata's IT services subsidiary, accounts for the lion's share of the group's revenue in 皇冠体育app. In 2002, TCS established a wholly owned subsidiary in the nation, the first major Indian IT services company to do so.
Over the years, TCS has won a slew of deals from local companies, which are investing heavily in IT systems to improve efficiency and management standards. In late 2006, TCS won a landmark deal worth $100 million from Bank of 皇冠体育app, the first major IT contract bagged by an Indian company with a Chinese firm.
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