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Money > Business Headlines > Report April 24, 2002 | 1425 IST |
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China debut of IT majors some way offBipin Chandran The Chinese dream seems far away for the Indian software industry. Infosys Technologies, after announcing its plans to enter the Chinese market about a quarter ago, is still working on the legal issues involved and the business model for the Chinese market. Nandan Nilekani, president, chief executive and managing director, Infosys Technologies, said, "We are currently trying to understand the legal and operational requirements for the Chinese market. We are also working on a business plan for that market." Earlier Infosys top brass had submitted an application for permission to operate in China to Zhu Rongji, premier of the state council of the People's Republic of China, who was in India on a state visit. He gave the required permission within fifteen minutes of the application being submitted. "Fifteen minutes after we submitted this letter, the premier granted the required permission and announced that Infosys was welcome to set up an office in China," an Infosys spokesperson said. "It is, however, too premature to talk about the details of our plans. In the next few months we will be able to share more information about our roll out plan," he added. Similarly, the largest Indian software exporter Tata Consultancy Services is also working on its plans for the Chinese market. "TCS is at present exploring the market and will make announcements after firming up the plans," a company spokesperson said. The Chinese market has become a talking point for the Indian software companies and industry associations such as Nasscom and Mait have been on a drive to identify possible opportunities for the domestic infotech companies in China. ALSO READ:
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