China IT Sector Still a Tough Market to Acquire: Infosys
BANGALORE: of late, the Indian IT industry, which has been eyeing the Chinese IT sector, will have to work harder to access into its market, said a top Infosys official.
The Chinese IT is no threat in overall terms because it is not yet investing big in the U.S. where Indian software firms are well entrenched, Rangarajan, who has been working in the Chinese market for the past seven years, told PTI in an interview, providing a broad view about the status of the Chinese software industry.
Chinese IT companies are not investing in the U.S. as they are unable to understand the nuances of the market penetration and has given up their efforts making it secure for the Indian firms at least as of now, Rangarajan said.
Penetrating into tier two banks in China, however, is possible as they are looking for alternatives beyond global companies, said Infosys China CEO Rangarajan Vellamore.
"The knowledge base of the Indian companies is strong, but the customer base of the Chinese companies is very strong in China. The question is how to penetrate the Chinese IT markets, which are not enamoured by the big names of India," he said.
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