Wipro launches second facility in China
The facility in Chengdu has started operations with 100 staff, Wipro plans to increase headcount to 1,000. US, EU experience helps IT companies bag major deals in China
By Agencies |
BANGALORE: Wipro Ltd, India's No. 3 software services exporter, said on Thursday it had launched its second facility in China that would provide IT and backoffice services to its global clients.
The facility in Chengdu has started operations with 100 staff, and Wipro said it planned to increase the headcount at the centre that can accommodate 1,000 people.
The New York-listed firm has a facility in Shanghai.
While IBM earned nearly $690 million from China’s almost $10 billion IT services market last year, both TCS and Wipro have started making progress as well.
For Indian tech firms such as Infosys and TCS, the past experience of working with large customers in US and Europe is paying rich dividends.
Infosys' core banking software Finacle has made some progress in China with significant wins at China Bank and ABN Amro's operations in Greater China.
Companies such as IBM, TCS and Infosys are also able to bring their project management experience to serve large Chinese customers.
Chinese banks have not yet made significant technology investments when compared to their US counterparts . While only 10% of the country’s banks offer online banking, there is only one ATM machine in China for every 10,400 citizens, when compared with one ATM for every 735 citizens in the US.
The facility in Chengdu has started operations with 100 staff, and Wipro said it planned to increase the headcount at the centre that can accommodate 1,000 people.
The New York-listed firm has a facility in Shanghai.
While IBM earned nearly $690 million from China’s almost $10 billion IT services market last year, both TCS and Wipro have started making progress as well.
For Indian tech firms such as Infosys and TCS, the past experience of working with large customers in US and Europe is paying rich dividends.
Infosys' core banking software Finacle has made some progress in China with significant wins at China Bank and ABN Amro's operations in Greater China.
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Companies such as IBM, TCS and Infosys are also able to bring their project management experience to serve large Chinese customers.
Chinese banks have not yet made significant technology investments when compared to their US counterparts . While only 10% of the country’s banks offer online banking, there is only one ATM machine in China for every 10,400 citizens, when compared with one ATM for every 735 citizens in the US.
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