China's populous province woos bigger Indian investment

08:27, April 29, 2011      

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The Governor of Sichuan Province of China Jiang Jufeng (L) plants a tree in Wipro Comany while visiting in Bangalore, India, on April 27, 2011. This is part of Experience China· Sichuan Week in India jointly organized by the State Council Information Office of the People's Republic of China, the Provincial Government of Sichuan, The Chinese Embassy in India and Indian International Unity Foundation. (Xinhua/Li Yigang)

Sichuan province in Southwest China has promised the Indian third largest outsourcing player WIPRO to provide package arrangement from the latter's possible strategic or long haul move in Sichuan.

Jiang Jufeng, governor of Sichuan, said here Wednesday that, if the provincial government is informed on any strategic and middle- and-long-term expansion plans by WPIRO in Sichuan, it could make overall arrangement for the big plans.

A special team could be formed to conduct further negotiations and sign a strategic framework agreement, said Jiang, speaking at a meeting with WIPRO officials.

The proposal received warm response from WIPRO top officials, who eye the expansion of on-shore outsourcing operations in China.

Thandava Murthy, senior Vice President of WIPRO said that they not only do global business via its global delivery center in Chengdu, capital city of Sichuan, but also tap local business, which grows faster than global average.

WIPRO showed interest in participating in the building of smart city in Chengdu and sought assistance from the Sichuan provincial government to attract financial customers from Shanghai to Chengdu.

Jiang suggested WIPRO to review the role of WIPRO's global delivery center in Chengdu, given the easy access to plenty of IT graduates and low cost of living there.

Thandava Murthy said WIPRO expects to raise the headcount in the Chengdu development center from 350 to 750 in the near future.

The revenues from the Chengdu delivery center now are very notional and WIPRO wants to tap on-shore outsourcing business so as to bring in global expertise and local experience.

The need for Indian outsourcing companies to go to China and for Chinese outsourcing players to enter India is complementary, said Justin Chen late Wednesday, CEO with Huawei Technologies' Indian operations.

Jiang, along with a delegation, is visiting India to stage a series of the event "Experience China-Sichuan Week in India", which marks the beginning of the year of exchange between China and India.

WIPRO entered the Chinese market in 2004 and has two delivery centers in Chengdu and Shanghai, respectively.

Source: Xinhua
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