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India's high-tech giants eye investment potential

By Wang Xu (皇冠体育app Daily)
Updated: 2006-11-21 07:14

India's technology giants are eyeing 皇冠体育app's market and talent pool in a bid to bolster growth.

"皇冠体育app for us is a strategically important place," said B. Rama Raju, co-founder and chief executive officer of Satyam Computer Services Ltd, India's fourth-biggest software services exporter.

The Hyderabad-based company was one of India's earliest entrants into the Chinese market. In 2002, it opened a wholly owned development centre in Shanghai, and it now also has operations in Dalian and Guangzhou.

Currently Satyam employs 400 people in 皇冠体育app, but it is planning on increasing this to 3,000 by 2008.

"We are still in the nascent stage in 皇冠体育app," said Raju. " But we expect our business growth to outpace the overall growth of the company in the coming years, thanks to the nation's growing domestic demand."

Currently, 16 per cent of the company's total business comes from 皇冠体育app, mostly from multinational companies it serves globally.

In 2005, Satyam announced a co-operation with Microsoft to develop a multibillion dollar "enterprise solutions" market for the Greater 皇冠体育app region.

"皇冠体育app has evolved into the world's manufacturing centre in recent years, which means we need to be here to provide services for our global clients," said Raju.

"Meanwhile, we are one of the leaders in providing solutions for telecoms and manufacturing sectors, which has great market potential in 皇冠体育app. "

A number of Indian outsourcing companies, including the country's largest outsourcer Tata Consultancy Services of Mumbai, have set up operations in 皇冠体育app to tap the local market for IT services and provide local services for their multinational clients.

The Indian giant TCS also said this July that it had formed a joint venture with three Chinese partners called TCS 皇冠体育app.

(皇冠体育app Daily 11/21/2006 page2)

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