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Indias Tata Consultancy Services Ltd., one of the worlds largest software services and consulting companies, will set up local business process outsourcing operations in the country. Indian Ambassador to the Philippines Rajeet Mitter told reporters over the weekend that the unit of Tata Group, one of the worlds largest industrial conglomerates, was focusing its Philippine operations on software development for its customers worldwide.
Tata Group is coming in on its own, there will be no joint venture partners, he said.
The group, also one of the largest manufacturers of steel in India, is indirectly involved in the proposed re-opening and rehabilitation of the Bacnotan steel mills in Batangas. It has acquired NatSteel of Singapore, which owns a substantial stake in SteelAsia Corp., the company that will undertake the Bacnotan project.
The group has interests in areas such as energy, telecommunications, financial services, manufacturing, chemicals, engineering and materials.
Mitter, however, declined to give further details on the amount of investments involved in the proposed BPO venture.
He said Tata Groups IT unit followed the lead of other Indian BPO companies that earlier set up operations in the Philippines, including the likes of Infosys and Wipro.
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