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TCS to open more development centres in China
New Delhi, Apr 05: India`s biggest information technology company, Tata Consultancy Services, is planning to expand its China operations five fold in the next two years and start more development centres.
New Delhi, Apr 05: India's biggest information technology
company, Tata Consultancy Services, is planning to expand its China operations five fold in the next two years and start more development centres.
''In the next two to three years we expect to expand in a big way in China. By 2005-06 our China operations will have anywhere between 1000-1500 people,'' Phiroz A Vandrevala, Executive Vice President, TCS said.
Currently TCS employs 200 people in China and has offices in Shanghai and Beijing as well as a software development centre in Hangzhou. TCS has two hubs outside India for its Asia Pacific operations, one based in Singapore overseeing operations in southeast Asia and the other based in China that looks after operations in the north Asia region, including Japan and South Korea.
TCS had floated Tata Information Technology (Shanghai) in June 2002.
In 2002-03 the Asia Pacific contributed less than 10 per cent of TCS's around one billion dollar revenues.
On the rupee's appreciation against the dollar and its impact of bottomline, TCS Vice-President said: ''it is no rocket science that appreciation of the rupee will have an impact on the bottomline of the companies.''
''When the rupee was falling against the dollar the party was on but as the Indian currency started appreciating the companies will have to learn to live with it. There is a four-five per cent impact of the rupee. Every company handles it differently, like taking one year hedge. Problem will start when the one year hedge ends,'' Vandrevala said.
He said that TCS has been billing its clients in the local currencies unless it is a part of a big multinational contract. This would further soften the impact of rising rupee on the company. Bureau Report
''In the next two to three years we expect to expand in a big way in China. By 2005-06 our China operations will have anywhere between 1000-1500 people,'' Phiroz A Vandrevala, Executive Vice President, TCS said.
Currently TCS employs 200 people in China and has offices in Shanghai and Beijing as well as a software development centre in Hangzhou. TCS has two hubs outside India for its Asia Pacific operations, one based in Singapore overseeing operations in southeast Asia and the other based in China that looks after operations in the north Asia region, including Japan and South Korea.
TCS had floated Tata Information Technology (Shanghai) in June 2002.
In 2002-03 the Asia Pacific contributed less than 10 per cent of TCS's around one billion dollar revenues.
On the rupee's appreciation against the dollar and its impact of bottomline, TCS Vice-President said: ''it is no rocket science that appreciation of the rupee will have an impact on the bottomline of the companies.''
''When the rupee was falling against the dollar the party was on but as the Indian currency started appreciating the companies will have to learn to live with it. There is a four-five per cent impact of the rupee. Every company handles it differently, like taking one year hedge. Problem will start when the one year hedge ends,'' Vandrevala said.
He said that TCS has been billing its clients in the local currencies unless it is a part of a big multinational contract. This would further soften the impact of rising rupee on the company. Bureau Report