Posts Tagged ‘Outsourcing’

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Nokia cuts R&D jobs in India

Friday, April 29th, 2011

The Financial Express (27.04.2011) reports that the global mobile handset-maker Nokia would cut “up to 300 jobs in the R&D segment [...] in India by the end of 2012″. Qutoing agencies it further states:

Without disclosing finer details, the official said that most of the people working on Symbian would be transferred to Accenture.

Sources said about 800-900 jobs are likely to affected in India in the R&D (Research and Development) segment. Nokia’s India operations has a total workforce of about 10,000. Out of them, around 1,500 employees are in the R&D section.

The Finnish major in a statement today announced plans to align its global workforce and consolidate site operations, which would result in cost reductions 1 billion euro.

Nokia plans to enter into a strategic collaboration with Accenture, whereby it would transfer its Symbian software activities as well as about 3,000 employees to that firm.

“Transitioning employees, located in China, Finland, India, United Kingdom and the United States, will initially work on Symbian software activities for Nokia,” it said.

Source: http://www.financialexpress.com/news/nokia-to-axe-up-to-300-jobs-in-india/782384/0# (Posted: Wednesday, Apr 27, 2011 at 1558 hrs IST)

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Posted in Cooperation, English Posts, Global Innovation, Globalization, Outsourcing | Comments Closed

Tech Mahindra opens a new development centre in Bonn, Germany

Friday, March 18th, 2011

Delivering end-to-end Telecom solutions closer to customers

Bonn, 10th March, 2011: Tech Mahindra, India’s leading provider of solutions and services to the telecommunications industry and part of the US $ 8.25 Billion, Mahindra Group, announced the inauguration of its development centre in Bonn, Germany. The state-of-the art facility located in Sirius Business Park, encompasses fully-equipped infrastructure to service clients in Germany as well as Central Europe. Tech Mahindra, providing end-to-end telecom solutions to Telcos globally, has an annual turnover of US$ 976.6 Mn, of which, annual turnover of US$ 976.6 Mn, of which, the contribution of Europe is almost 54%. Within Europe, Germany is the largest revenue contributing country after UK, for Tech Mahindra. The company started its operations in Germany more than 10 years back with offices in Munich and Dusseldorf. Through this strategic move Tech Mahindra plans to further leverage its proven capabilities as a transformation partner and provide an array of business and technology, closer to the customer.

Speaking on the occasion, Mr. Rishi Bhatnagar, AVP-Tech Mahindra said, “As a global player and leader in the Telecommunications domain, we are always keen on strengthening our local front-end capabilities in the region. This development centre will intensify Tech Mahindra’s reach, traction and growth plans within Germany, and enable us to transfer value advantage to our customers. Currently, we have three large engagements in Germany, supporting our Telcos with end-to-end development, Managed Services, large scale legacy outsourcing and transformation among others services. For Tech Mahindra, Europe is a critical market with immense potential and growth.”

The company has a global footprint in 25 countries with 126 clients worldwide. This new facility, equipped with world class infrastructure, will focus on building up localized capabilities to serve Tech Mahindra’s European clientele.

About Tech Mahindra

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, part of the US$ 8.25 Billion Mahindra Group, India. With total revenues of US $ 976.6 million for FY0910, Tech Mahindra serves telecom service providers, telecom equipment manufacturers, and software vendors. Tech Mahindra enables clients to maximize return on IT investment by providing solutions which help the clients achieve shorter time-to-market, reduced total cost of ownership, and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, and proven innovative delivery models. Assessed at SEI-CMMi Level 5, Tech Mahindra is supported by over professionals from across the globe who provide a unique blend of culture, domain expertise and in-depth technology skill-sets.

For more details please contact:
Smriti Dave
Tel. +91 20 6601 8100, Extn.1779
Mobile: +91 9881124858
corporate.communications@techmahindra.com

Source: Company press release

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Posted in English Posts, FDI, Global Innovation, Globalization, Innovation System, Outsourcing, Press Releases | Comments Closed

India’s IT industry set sights on German-speaking countries in Europe

Thursday, May 20th, 2010

Nasscom bullish on Europe despite financial crisis

NASSCOM, the apex software industry association of India, believes Europe, and specifically Germanic countries, consisting of Germany, Austria, Switzerland, are still attractive markets despite the current financial crisis.
“Current European uncertainties are short-term in nature and we are confident that the European bloc, as a whole, will continue to be one of the largest markets for the Indian IT-BPO industry,” Nasscom president Som Mittal told ET. As the Indian IT industry looks to expand beyond its traditional markets of the US and the UK, Nasscom has identified Germanic countries as the third-largest market for IT services following the US and Japan.
The software industry body, along with consulting firm Pricewaterhouse-Coopers (PwC), has pegged the addressable market size for IT in Germanic countries at more than $53 billion. As against this, Indian IT firms earn less $2.6 billion from these countries.
Nasscom estimates business from the Germanic countries, the largest IT services market in Europe, has the potential to grow to $10 billion by 2020, but only provided Indian companies take the ‘strategic and tactical steps’ required to succeed in this market. The BPO market opportunity is estimated to be $4 billion and the offshored engineering services market $3.4 billion.
“While the US and the UK comprise 80% of exports, the future focus is to enter newer territories,” Mr Mittal said. The Germanic countries are big IT spenders, with Germany and Austria each spending about 2.5% of their GDP on IT, and Switzerland spending over 5% of its GDP.
“Long-term commitment and effective partnerships will emerge as the biggest deciding factor that will sway client contracts towards Indian companies in the region,” said Sankar Ramamurthy, executive director, PwC. Germanic countries are also recognising that they need technical manpower and access to talent, said Mr Mittal.
“About 80% of employment in these countries is in the SME (small and medium enterprises) sector. They have to invest in IT to become more competitive. Today these SMEs are also being serviced by SMEs in IT sector and neighbourhood IT firms,” pointed out Mr Mittal. The $46-billion Germanic IT services market faces shortage of science and technology graduates and cost pressures.

Source: Economic Times Mumbai; Date:2010 May 20; Section:Business & IT; Page Number 17

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