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This is an archive article published on December 17, 2000

Wipro to focus on Asia-Pacific, Europe

Mumbai, Dec 16: Market for IT services was growing rapidly in these regions, including Japan and the company would like to make its presen...

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Mumbai, Dec 16: Market for IT services was growing rapidly in these regions, including Japan and the company would like to make its presence greater there to garner a higher share of software business, Premji said after receiving an award here last night.

Software service exports to US contributed over 60 per cent to Wipro’s IT business, while Europe’s share stood at 28 per cent, he said adding the share of Japanese market was growing rapidly.

The company would establish new software development centres in Navi Mumbai, Pune and Gurgaon near Delhi to support growing business, he said.

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He said Wipro would invest Rs 300 crore for development centres in Mumbai and Pune over next the 18-24 months and provide job opportunities to 6,000 professionals.

Asked about the impact of slowdown in the US and global economy on Wipro’s growth prospects, Premji said “it will not affect finances. In fact, international firms with pressure on margins, were looking for cost-effective places. We will gain from it.”

On plans for acquisition abroad, he said “we are looking for company that will increase customer base and help to grow value chain and price line.

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