The primary issue with the IT companies is 65% of their clients are based out of the US. Literally the US market drives the indian IT firms. They are already taken various steps for mitigation and trying to expand globally. The European market provides a potential oppurtunities, As an expansion strategy to have a firm global presence, companies like TCS & Wipro are acquiring European, Australian & South American companies. With the decreasing dollar value, at least the rupee appreciation won't find a drastic change in the Basis Points with respect to the European economy.
RE:Expand global presence
by Praveen Kumar on Oct 03, 2007 08:57 PM Permalink
Explore european clients and explore alternative offshore base. No US, No India.
