Friday, July 01, 2005

Tata, Microsoft Form Chinese Outsourcing Joint Venture

From: eweek
Tata Consultancy Services, Microsoft Corp. and three Chinese firms are forming a joint venture that will provide IT outsourcing services.
The company, which will begin operation in 2006, will be "one of the largest IT joint ventures in China. TCS, which has been operating in China since 2002, will be the majority shareholder; the Chinese participants and Microsoft will be minority shareholders. However, no specific investment amounts were announced. The joint venture will be located in Beijing's Zhongguancun Software Park.
This venture is ample demonstration of the credibility that TCS has established in a market like China within a short span of time. TCS is committed to this initiative and this venture will be integrated into their pioneering global delivery model. The joint venture will provide the same IT services that TCS provides to its customers globally, including application development and enterprise architecture consulting. The new firm will leverage TCS' expertise in such industries as banking and financial services, manufacturing, and telecommunications.
Although Microsoft is an investor, development projects will not be tied exclusively to Microsoft technologies. The joint venture's services will reflect the suite of services that TCS currently offers worldwide, across all platforms and across technologies.Tata and Microsoft were selected as strategic partners by the Sino-India Cooperative Office of the People's Republic of China. The Chinese partners are Beijing Zhongguancun Software Park Development Co. Ltd., Uniware Co. Ltd., and Tianjin Huayuan Software Park Construction and Development Co., Ltd.

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