It is destination China for IT major Wipro. CNBC-TV18’s Sunanda Jayaseelan reports how the dragon is fast emerging as the next investment hot spot for the company.
IT giant Wipro, which set up its first development centre in Chengdu last month also intends to use it as an offshoring hub. The plan is to use the Chinese base to service Japan and other nearby hubs and thus complementing work being done out of India.
Suresh Vaswani, Joint Chief Executive Officer, Wipro Technologies, says, “We will use this centre predominantly to service the local market but also a significant portion of it will now be to service near shore centres in China. There is a huge opportunity there we can tap and we are going to ramp up.”
Currently, Wipro has 400 employees in China and sources say it will hire more aggressively in the next three years. Industry body NASSCOM says China is growing in importance.
Som Mittal, President, NASSCOM, says, “China has some advantages—it has a huge population of engineers who are English speaking.”
China, Japan and Middle East apart from India are the next growth areas. Japan for example contributes 1.6% to Wipro’s overall revenues as of the moment which will continue to grow going ahead.
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