Dubai: India’s largest software exporter Tata Consultancy Services will open centres in Egypt, Abu Dhabi and Oman as part of its drive to focus more on Middle East and North Africa (MENA) region.
At present, TCS centres are based in Dubai, Riyadh, North Africa, Morocco and Bahrain.
“The MENA region has been active in the last couple of years as the infrastructure, energy, utility and alternative sources of energy are showing strong growth and there are robust opportunities for further growth,” TCS CEO and managing director S Ramadorai was quoted as saying.
The value of MENA’s computer-services market is estimated at USD 50 million and the region contributes three-five per cent to the group’s growth while India’s share is 11 per cent.
Latin America, India and MENA countries together contribute USD 940 million to the group.
He said India’s software industry is currently worth more than USD 30 billion and is expected to grow to USD 60 - 80 billion by 2010.
On the impact of rupee’s appreciation against the dollar, he said it has eroded earnings of the company as most of its sales are generated overseas.
TCS gets almost 91 per cent of its sales from overseas, including 50 per cent from the US. The Indian rupee has gained around 11 per cent in the last financial year.