Financial Daily from THE HINDU group of publications
Friday, Oct 18, 2002
Financial Daily from THE HINDU group of publications Friday, Oct 18, 2002 |
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Info-Tech
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Off-shore Development Satyam to base solutions centre in Malaysia Our Bureau
HYDERABAD, Oct. 17 FOLLOWING the visit of the Malaysian Prime Minister, Dr Mahathir Bin Mohamad, to the Satyam Technology Centre here today, the company has announced its decision to establish its first global solutions centre in Malaysia that will also serve as a business continuity centre. Commenting on the visit of the Malaysian Prime Minister, the Chairman of Satyam Computer Services, Mr B. Ramalinga Raju, said, "we feel privileged to welcome the Malaysian premier and other distinguished delegates to our campus. We hope our bonds with Malaysia would strengthen with the establishment of a global solutions centre and grow further in the future to mutual benefit." Dr Mahathir said, ``we are glad that a global corporation such as Satyam has decided to open its first global solutions centre in Malaysia's Multimedia Supercorridor. Malaysia will provide all possible support in terms of a business-friendly environment and knowledge-worker resources to make this a truly successful venture for Satyam. This is certainly another example of our growing ties with India and we look forward to strengthening this relationship in the future." The global solutions centre will be established in collaboration with Malaysia's Multimedia Development Corporation (MDC), which overseas the Multimedia Supercorridor. This forms part of Satyam's Business Continuity Process (BCP) model, which is particularly important in today's scenario of socio economic and political uncertainties. It is being positioned as an alternate development centre outside India and in a way replicates the Satyam Computer's offshore development model, according to a company release. The Satyam's move to establish a centre in Malaysia is to leverage the advantage that the Supercorridor offers in terms of infrastructure and cost benefits that help deliver cost effective software solutions to its global customers. The company expects to benefit from Malaysia's geographical proximity, cultural, social and business ties as well as competitive cost environment that make this a good strategic location for the centre, the release said.
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