India's fourth-largest software enterprise, Satyam Computer
Services Ltd., has announced it will create a branch company in
Nanjing, capital city of east China's Jiangsu Province.
Operating out of Nanjing Software Park in the city's New and
High Technology Industry Development Zone, the software outsourcing
firm will recruit 2,500 software engineers and should see annual
sales increase by over 10 billion yuan (US$1.3 billion).
Qi Lu, an administrative official in the zone, on Sunday said
that the new Satyam branch would both increase competitiveness
among local software firms and serve to attract more Indian and
other international software giants to Nanjing.
The campus-style park provides lodging and other amenities, and
is set to attract over 300 software companies, Qi added.
V. Murali, Senior Vice President of Satyam Corporate
Headquarters, said: "China is destined to become the world's No.2
outsourcing base, next only to India, and we are confident about
the market there."
Nanjing Software Park, approved by the Ministry of Science and
Technology as a "Torch Plan" software industrial base, has so far
met with encouraging success, attracting 240 software companies
with over 13,000 workers.
Nanjing is Satyam's fifth foray in China, joining its branches
in Shanghai, Beijing, Shenzhen and Dalian.
In 2006, Satyam generated worldwide sales revenue of over?
US$1.5 billion from software and IT services.
(Xinhua News Agency February 12, 2007)