Mahindra Satyam, the brand identity of Satyam Computer Services Limited is intending to extend it’s presence in the global market, specifically in China , the World’s second largest democracy.
“Mahindra Satyam is seeking new growth opportunities by exploring a number of venture partnerships in China, as part of the global growth strategy,” company’s Senior Vice-President for Asia Pacific, India, Middle East and Africa, Rohit Gandhi said. “So, if we can, (we will) form a strategic alliance or a joint venture, with a strong local group.”
Emphasizing the need for market access, he added “Whether it is within China or outside, we have got the capability. But what we don’t have there is real good market access” He hoped mid-sized firms with a larger access into the market would do the trick for them since “Large-sized (partners) will be bureaucratic, and basically I think the criterion more than the size is the sort of access to the market.”
Satyam Mahindra currently has four offices in China at Beijing, Nanjing, Shanghai, Dalian and Guangzhou with almost 90% of local workforce. “We intend to grow further in China through inorganic activities,” he added.
He also eyed significant growth opportunities in South Africa, Qatar and Saudi Arabia comprising of the company’s Middle East markets.”South Africa is growing from a low base and the Middle East markets shows huge potential for sports vertical,” he said.
He denied divulging specific details regarding the ventures in China but he did mention that the company is looking for “expertise in engineering and manufacturing, as Mahindra Satyam has strong capabilities in the engineering space in China.”
For the Indian markets, the company is still banking on high profile public sector projects, especially automation of the government services, said Gandhi.
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