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Infosys says doing biz tough in China, payments come late
June 07, 2008
Source: PTI
NEW YORK: IT major Infosys is finding it difficult to expand the presence in neighbouring China and the time taken to receive payments there is up to nine times of the global average, its CEO Kris Gopalakrishnan has said.
"We are finding it difficult to expand in the Chinese market. The business environment, and the standards and processes are different," Gopalakrishnan said in an interview with the online edition of US business magazine Forbes.
He said that another challenge in doing business in China is "getting accustomed to how Chinese companies do business with each other and what are the usual expectations".
"For instance, typically when you work globally, you receive payments in 30 or 60 days. In China, the norm in 270 days," he told Forbes.com.
Bangalore-based Infosys Technologies, which is listed in India as well as the US, has a fully owned Chinese subsidiary, Infosys China, which is headquartered in Shanghai.
Infosys China was started with an initial capital of five million dollar in 2003. According to information available on its website, the company has about 800 consultants providing IT and BPO services to its global and Asia-Pacific clients.
Infosys China has development centres in Shanghai, Hangzhou and a representative office in Beijing. Shanghai centres focus on IT services while the centre located in Hangzhou specialises in BPO services.
Forbes.com quoted Gopalakrishnan as saying that Infosys has about 15 global clients that it supports out of China.
When asked if the business has grown a lot in China, he said that "growth has been slower in China and outside China. Both have taken longer than we liked."
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SAP, KPIT Cummins in joint go-to-market partnership
 June
07 ,2008
Source: PTI
MUMBAI: Technology solutions provider KPIT Cummins Infosystems today said it has entered into a joint go-to-market partnership with SAP India. The partnership brings together KPIT Cummins' deep domain expertise in automotive and industrial machinery verticals with SAP's high-performance enterprise software platform to benefit customers in their globalisation initiatives, a press release issued here stated.
The company will establish a dedicated Centre of Excellence for SAP solutions to the automotive industry. SAP India will leverage KPIT's strengths in business intelligence (business objects platform) and governance risk and compliance to leverage the aggressive growth of these solutions. SAP India's President and CEO, Ranjan Das, said, "SAP is proud to be associated with KPIT to address the vibrant automotive industry in India. This alliance will help create opportunities for KPIT while corroborating the expertise of SAP to build efficient solutions."
Through this partnership, SAP is confident of delivering equitable value to its customers, he added. Chairman and Group CEO of KPIT Cummins, Ravi Pandit, said, "This partnership with SAP holds strategic significance for us in our endeavour to become a leading solutions partner to the automotive and industrial machinery verticals." The centre of excellence would co-innovate industry-specific SAP solutions thus enabling profitable growth for its customers, Pandit said. |
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IT-SEZ developers to come under one roof
June 07, 2008
SOURCE: PTI
PANAJI: The first ever IT-specific special economic zone (SEZ) will bring together IT specific SEZ developers from all over the country and global facility managers of leading IT, software, ITES and BPO companies under one roof, officials stated.
The two-day long conference is being organised by MMG Worldwide, a global marketing communications firm on June 27 and 28 in south Goa, an official release issued here stated.
Officials said that the conference will bring IT specific SEZ developers from all over India and facility managers of leading IT Software and ITES/ BPO companies under one roof to debate, discuss and learn how to better one's existing operations towards becoming a more efficient, cost effective, environmentally friendly organisation.
This is the first ever such conference which will be addressed by top facility managers of top fifteen IT, BPO, Software companies from India, China, Singapore, Malaysia, Phillipines, Europe and USA, the release said.
Giants like Nokia, Cisco, Larson & Toubro Infotech, Cap Gemini, Ernst & Young, HSBC, Oracle among many others would be participating in the event.
The IT Specific SEZ 2008 is designed for IT, ITES and software companies intending and planning establishment of new centres, expansions, reallocation of facilities, setting up of global delivery centres in IT Specific SEZ in India and to cost effectively plan their offshore infrastructure to realize a better return on investment.
The participants will also discuss the future space requirements of Indian IT, ITES, BPO and Software industry globally, the release added.
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