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Wipro plans to enter into S.Lanka and B'desh
By agencies
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Tuesday, 02 August 2005, 19:30 IST
SINGAPORE: Wipro is planning to expand into Sri Lanka and Bangladesh to tap the growing market there with significant potential, particularly in the telecom and banking space, by leveraging on its expertise and strengths in areas such as system integration and IT managed services.
Viswanathan K. S., Vice-President, Strategic Sales, India, Wipro Infotech, said foraying into these two SAARC (South Asian Association for Regional Cooperation) countries is of immediate priority for Wipro Infotech as it believes there are huge opportunities that can be addressed.
"We have already started (in the direction of expanding into these two countries). We have identified segments that we want to get into", he said, adding, the company would target telecom companies and banking firms.
"After Bangladesh and Sri Lanka, as we move forward when trade restriction eases with Pakistan, its a huge opportunity for us."
At the same time, Wipro Infotech, whose 15 percent of revenues currently comes outside of India, is stepping up efforts to make strides in other markets of Asia Pacific region as well.
Wipro Infotechs Chief Executive, Professional Services, Thandava Murthy said the company has established a near-shore centre in Dubai to cater to the Middle East market.