BIZCHINA / Overseas Investment
Indian IT company debuts in China
(Shanghai Daily)
Updated: 2007-02-08 16:02
Satyam Computer Services Ltd, India's fourth-largest software company,
today began construction of a major development center �� its largest
outside India and first in China, according to The Associated Press.
The groundbreaking for the center in the eastern city of Nanjing follows
Satyam's announcement of plans for a software development center in
Malaysia. Both are part of the company's effort to evolve into a global
company, according to Virender Aggarwal, the company's senior vice
president and regional director.
Hyderabad-based Satyam's expansion is aimed partly at offsetting rising
costs in India and at developing a base of skilled workers, Aggarwal said
in a phone interview.
Like other Indian outsourcing companies, Satyam is trying to win clients
outside the United States and Europe, looking to China, Australia and
Latin America to diversify risks and build markets.
"China is one of the largest economies in the world and is likely to be
the No. 2 economy in 20 years or so. It is very important that we are
here," he said.
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