The Hindu : Business : TCS, Microsoft venture with Chinese firms

Online edition of India's National Newspaper
Friday, Jul 01, 2005

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Business

TCS, Microsoft venture with Chinese firms

Staff Correspondent

MUMBAI: Tata Consultancy Services (TCS) and Microsoft have been selected as strategic partners by Sino-India Cooperative Office (SICO) of People's Republic of China (PRC). As part of this strategic partnership, TCS, Microsoft, Beijing Zhongguancun Software Park Development Co. Ltd., Uniware Co. and Tianjin Huayuan Software Park Construction and Development Co. Ltd. announced that the parties intended to establish a software joint venture company to provide IT outsourcing services and solutions to global and domestic markets.

While TCS would be the majority shareholder, the Chinese party and Microsoft will be strategic investors holding minority shares.

The joint venture is to be located in Beijing's Zhongguancun Software Park and plans to start operation in early 2006. It will provide IT outsourcing services and solutions to all major worldwide markets particularly the U.S., Europe and the Asia Pacific region including China's domestic market.

S. Ramadorai, CEO and MD, TCS, said, "This venture is ample demonstration of the credibility that TCS has established in a market like China within a short span."

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