Tata Consultancy to open subsidiary in South Africa
Monday, 29 October 2007, 07:00 Hrs
Mumbai: Tata Consultancy Services (TCS), India's largest software services exporter, Friday announced plans to open a wholly owned subsidiary in South Africa. "We see South Africa as a key strategic market for TCS and also as a gateway to southern and central Africa. Through our own subsidiary, we will be well-placed to contribute to the economic growth of the country and its businesses by bringing in global best-practices and world-class technology solutions," S. Ramadorai, chief executive officer and managing director of TCS, said in a statement. "The new model will help TCS make a greater contribution to the South African economy and help invest in skills and capabilities of its IT professionals by leveraging our world-class learning and development programmes," Ramadorai added. TCS already works with leading companies in South Africa in banking and financial services, government, manufacturing, energy, telecom and retail sectors.