Wipro sees big potential in France

Wipro believes that sales opportunities are huge in France for an IT outsourcing company and it is keen to expand its footprint in that country with stepped up investment

Indian information technology (IT) services provider Wipro Ltd has said that it is keen to expand its footprint in France as the country offers huge potential for growth and has stepped up its investment in the region, reports PTI.

"We invested in a senior leadership team. We are seeing excellent progress and we are extremely confident of our future in France," Wipro chief financial officer Manish Dugar said in a statement released in Dubai.

Wipro believes that sales opportunities are huge in France for an IT outsourcing company, it said.

The French government has undertaken a series of measures in recent years to make it easier and more profitable to do business in France. These far-reaching reforms have changed the equation for existing companies and new investors.

"It is a large under-penetrated market for offerings that take advantage of the global delivery model. But more critically, some of the world’s biggest and best corporations represent France. And French companies are becoming more and more international and global," Mr Dugar said.

Last week, French minister for the economy, industry and employment, Christine Lagarde and Michel Mercier, the minister for rural and regional development, presented the 2009 report on job-creating foreign investment in France.

"Against the backdrop of a worldwide downturn in foreign direct investment flows, the IFA and French regional development agencies recorded 639 job-creating foreign investment projects in 2009, an increase on the figure in 2007 (624), and nearly as many as in 2008 (641). The results for 2009 are the fourth-best in the last 15 years," the report said.

These investments will enable 29,889 jobs to be created or maintained (versus 31,932 jobs in 2008), which is broadly in line with the annual average since 2000 (30,400).

  • Like this story? Get our top stories by email.

    User 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    28 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 4 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)