Ma Foi plans to expand Asia Pacific business
Ma Foi Management Consultants to set up offices in China, Vietnam, Philippines and Brunei by mid-2008.
By PTI |
CHENNAI: Ma Foi Management Consultants Ltd, India's largest HR services provider, plans to expand its Asia Pacific business by setting up offices in China, Vietnam, Philippines and Brunei by the middle of 2008.
The company has already set up an office in Shanghai which it plans to operationalise by December this year, Ma Foi, head of Asia Pacific operations Kamal Karanth said.
Ma Foi also opened an office in Bangkok this week. The company had earmarked Rs 5 crore at the beginning of the year for the new operations, of which it has invested Rs 2.50 crore in setting up these centres, he said.
The company also plans to start offices in Kuwait, Saudi Arabia, Egypt and Qatar, he said, adding the firm was also keen on starting Ma Foi Academies at a number of places.
"We will have Ma Foi Academies in all developing markets in a year and half," Karanth said.
"Middle East is the most profitable region for our operations because the need for oil and gas professionals is huge
Karanth said there is a global shortage in IT and oil and gas sectors. "In fact, about 30 per cent of our business comes from oil and gas sector," he said.
According to Karanth, there is also a manpower crunch in industrial engineering as well as software and manufacturing engineering.
The company has already set up an office in Shanghai which it plans to operationalise by December this year, Ma Foi, head of Asia Pacific operations Kamal Karanth said.
Ma Foi also opened an office in Bangkok this week. The company had earmarked Rs 5 crore at the beginning of the year for the new operations, of which it has invested Rs 2.50 crore in setting up these centres, he said.
The company also plans to start offices in Kuwait, Saudi Arabia, Egypt and Qatar, he said, adding the firm was also keen on starting Ma Foi Academies at a number of places.
"We will have Ma Foi Academies in all developing markets in a year and half," Karanth said.
"Middle East is the most profitable region for our operations because the need for oil and gas professionals is huge
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and we need to be closer to the market to take advantage of this," he said, when questioned about the company's focus on the middle-east region being more than other regions. Karanth said there is a global shortage in IT and oil and gas sectors. "In fact, about 30 per cent of our business comes from oil and gas sector," he said.
According to Karanth, there is also a manpower crunch in industrial engineering as well as software and manufacturing engineering.
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