Looks at buying Chinese firm

Our Bureau Bangalore | Updated on January 24, 2011

Wipro is looking at acquiring a company in China to service the local Chinese companies which by “themselves are big MNCs”.

Wipro's Executive Director and the Chief Financial Officer, Mr Suresh C Senapaty, told Business Line that while Wipro may not require acquisitions in China to serve foreign MNCs, it might look at acquiring a Chinese company in order to pick up projects from local companies there. Mr Senapaty also said that China could also be used as a sourcing destination for its Japanese customers.

He said the company does not see threat from Chinese companies though some of them are very competitive in the local market. Indian companies have advantages in various areas such as domain knowledge, project management and fluency in English. “The complexity of projects that we are doing today is far higher than what it was five years back. And from that perspective, it is not easy for China to replicate,” he pointed out.

Currently, Wipro has around a thousand people in China to address the needs of global customers. “As we go forward, we will address the local customers too,” said Mr Senapaty. But increasing headcount was not an issue right now, he pointed out.

Published on January 24, 2011

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