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TCS to set up South African subsidiary Co

TCS to set up South African subsidiary Co
PTI
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First Published: Fri, Oct 26 2007. 05 24 PM IST
Updated: Fri, Oct 26 2007. 05 24 PM IST
Mumbai: Country’s largest software exporter Tata Consultancy Services (TCS) today said it is launching a new subsidiary— TCS South Africa to expand its operations there.
“We see South Africa as a key strategic market for TCS and as a gateway to Southern and Central Africa,” TCS CEO and Managing Director S Ramadorai said.
TCS South Africa would have an equity participation from Black Economic Empowerment groups to ensure localization of services and skills, it said.
The company has a centre in Johannesburg from where it provides support services for financial services products implemented in South Africa.
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First Published: Fri, Oct 26 2007. 05 24 PM IST