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Jul24
India’s outsourcing champion warming up for Middle East and China

Tata Consultancy Service (TCS), one of the leading outsourcing firms of India, has won a contract with Saudi Telecommunication company and signed a joint venture with three Chinese companies. Under this new contract with Saudi Telecommunications Company, Tata will take care of billing and customer relationship. I am quoting from the report published in Chron.com:

 India's top information technology company, Tata Consultancy Services Ltd., on Monday announced a slew of overseas deals, including a US$33 million outsourcing contract from Saudi Arabia's state-owned telecommunications company.

The company has also signed a joint venture agreement with three Chinese firms to expand its operations in China.

 In order to have a strong presence in China, TCS has launched a joint venture with three other Chinese companies: Beijing Zhongguancun Software Park Development Co., Uniware Co. and Tianjin Huayuan Software Area Construction & Development Co. TCS will invest $15 million in the initial stage. After sometime, Microsoft will also join in the venture to increase its business in China.
 

Recently, Indian IT sector is going through a tough time. Outsourcing market has reached a matured state, so the growth of the market will be slower compared to previous years. In addition, high salary of the IT workers and stories of poor quality service have created tension among clients and investors. I am hopeful that TCS’s achievements will work as leverage in restoring the faith of the investors and clients on Indian outsourcing industry.

 
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