Indian Wipro eyes Bangladesh, Lanka
Pallab Bhattacharya, New Delhi
Wipro Infotech, the Indian Information Technology arm of New York Stock Exchange listed Wipro Limited, plans to foray into Bangladesh and Sri Lanka to tap the growing telecoms and banking markets in the two countries, leveraging its expertise in system integration and IT-managed services. "We have already begun (in the direction of expanding into these two countries) and we have identified the segments that we want to get into," Wipro Infotech Vice President (Strategic Sales) Vishwanathan K S said. He said entering Bangladesh and Sri Lankan markets was of immediate priority for his Bangalore-based company because there are plenty of opportunities to be tapped there. Of particular interests to Wipro Infotech are telecom companies and banking firms in Bangladesh and Sri Lanka, Vishwanathan said. The company's 15 percent of revenue at present comes from outside India. After Bangladesh and Sri Lanka, Wipro Infotech will be eyeing the market in Pakistan, once trade restrictions with India ease. Pakistan too offers huge potential for the firm, he said. The company has set up a centre in Dubai to cater to the market in Middle East countries. Wipro Infotech is increasingly focusing on services in Indian market as this segment has developed to contribute 25 percent to the company's overall revenue.
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