H E Arun K. Singh, Ambassador of India, along with Mr.Natarajen Chandrashekharan, CEO of Tata Consultancy Services (TCS) inaugurated the new TCS headquarters in France located at Paris, La Defence by unveiling the commemorative plaque on 7 October 2014. Mr. Rajiv Kher, Commerce Secretary, Government of India was also present for the inauguration. Addressing the gathering that comprised TCS employees and representatives of TCS clients in France, Ambassador said that the opening of the new TCS premises in France, which will employ more than 250 people, reflected the best aspects of India-France cooperation for mutual benefits. TCS was recognized as a global leader and was among the largest IT sector employers in the world. Ambassador underlined the growing presence of the Indian companies in France and their contribution in terms of revenue and employment to the French economy. TCS in France TCS has been present in France since 1992. Since 2009, continued and sustained investments have been made by the company with the objective to create a strong localized operation and tailor solutions and offerings for the specific French customer needs. In February 2012, TCS was recognized as “International Investor of the Year” by the Greater Paris Investment Agency. Presently the TCS services major French clients like Castorama, Total, Europcar, BNP Paribas, Sanofi Aventis, L’Oreal, Axa, Société Générale, AC Nielsen, General Electric, Carrefour, GDF Suez from its offices located in Paris Area, Poitiers and Lille. In 2013, TCS acquired Alti SA, an IT services company in France for a value of € 75 million in an all-cash transaction. The integration of TCS and Alti services was completed in one year. The acquisition strengthened TCS’ ability and footprint to service its customers in France. This acquisition underlines TCS long-term, strategic commitment to France. The acquisition of Alti SA has helped TCS serve clients in France and across Europe more comprehensively with an expanded set of services and solutions, bringing the best of TCS to French corporations. The inauguration of the new headquarter marks a new step of TCS development in France and is the symbol of the integration of Alti as the 2 teams are now are fully integrated in a single HQ. The inauguration was followed by a visit of TCS new innovation center by small groups during when TCS showcased some of its innovative solutions based on SAP technologies. Indian IT Industry The information technology (IT) and information technology enabled services (ITeS) industry has been one of the key driving forces fuelling Indias economic growth. The industry has not only transformed Indias image on the global platform, but also contributed to economic growth by energising the higher education sector (especially in engineering and computer science). It has employed almost 10 million Indians and has contributed to social transformation in the country. The abundant IT service available in India has allowed Indian businesses to make their business processes efficient and streamlined. The Indian manufacturing sector has the highest IT spending followed by automotive, chemicals and consumer products industries. India is the worlds largest sourcing destination, accounting for approximately 52 per cent of the major US market. The countrys cost competitiveness in providing IT services, which is highly competitive, compared to US or EU continues to attract clients and investments. The Indian IT companies continue to move up the value-chain to offer higher end research and analytics services to their clients. The IT-business process management (BPM) sector in India grew at a compound annual growth rate (CAGR) of 25 per cent over 2000-2013, which is 3-4 times higher than the global IT-BPM spend, and is estimated to expand at a CAGR of 9.5 per cent to US$ 300 billion by 2020. Export of IT services has been the major contributor, accounting for 57.9 per cent of total IT exports (excluding hardware). BPM accounted for 23.5 per cent of total IT exports during 2013. Total exports from the IT-BPM sector (excluding hardware) were estimated to have been € 58.4 billion (US$ 76 billion) in 2013, with exports growing at a CAGR of 13.1 per cent in 2008-2013. Traditional verticals, i.e., BFSI, telecommunication and manufacturing, continue to remain the largest in terms of IT adoption and are expected to grow at an average of 15 per cent. Implementation of cloud environment and mobility is the way forward for such verticals. The Government of India played a key role with public funding of a large, well-trained pool of engineers and management personnel who could forge the Indian IT industry. The Government of India has extended tax holidays to the IT sector for software technology parks of India (STPI) and special economic zones (SEZs). Further, the country is providing procedural ease and single window clearance for setting up facilities. The ‘Make in India’ campaign, a major new national program designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best-in-class manufacturing infrastructure, which was formally launched by hon’ble Prime Minister Shri Narendra Modi on 25 September, 2014, includes IT and BPM sector among the 25 identified sectors for facilitating investment. Further information on the specific sectors can be seen at; makeinindia/sector/bpm/
Posted on: Wed, 15 Oct 2014 13:20:04 +0000
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