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Information Technology News Microsoft takes stake in TCS China
Information Technology News Microsoft takes stake in TCS China | Microsoft takes stake in TCS China |
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| by Stan Beer | |
| Sunday, 26 November 2006 | |
  
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Following Microsoft’s entry with a 10% stake, the shareholding of the JV will alter with TCS APAC owning the majority stake with 65% and the three Chinese partners, supported by National Development and Reforms Commission (NDRC) holding the remaining 25%. “The cooperation with Microsoft and national software export base located in the new up and coming economic zone in Beijing and Tianjin, will help TCS China achieve great leaps in the future,” said Ms Zhou Fang CEO of Zhongguancun Software Park or Z-Park one of the national software export bases in China) and the representative of Chinese parties. TCS China will allow TCS to provide our clients with the best in technologies at affordable local prices, with services delivered at TCS' known global quality processes,” said Girija Pande, head of TCS in Asia Pacific. TCS China will focus on BFSI, manufacturing, telecoms as well as the government sector. TCS is implementing a core banking solution in Huxia Bank thru its FNS Sydney subsidiary. The JV will focus on key technologies with centres of excellence in Microsoft. |
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