Tata Consultancy Services (TCS), the world-leading IT and consulting organization,and its Chinese partners, supported by the National Development and Reforms Commission (NDRC), today announced the inauguration of TCS (China) at its new premises at the state-of-the-art Z-Park in Beijing.
TCS also announced today that it has won a significant multi-million dollar contract to implement a comprehensive international trading system for China Foreign Exchange Trade System (CFETS), which is a sub-institution of the People's Bank of China.
The inauguration ceremony, attended by Chinese Government officials, members of the TCC leadership team and senior representatives from the Chinese partner companies - Beijing Zhongguancun Software Park Development Co., Ltd., Uniware Co.,Ltd., and the Tianjin Huayuan Software Area Construction and Development Co., Ltd. - signals the official launch of China's first large scale outsourcing technology company. TCS China is only one of its kind JV in China and is being supported by NDRC and the only one of results on software industry during the Chinese President Hu Jintao visiting to India on Nov. 2006. It signifies growing Sino- India Cooperation in Technology, as enunciated by the President Hu Jintao.
"TCS has successfully completed 5 years in China and the new JV is the next step in our long journey in China," said Mr. Ramadorai, CEO and MD of TCS."The JV will help to create a large scale global offshoring base in China and domestic business of increasing scale. We look forward to working closely with our Chinese partners, supported by the National Development and Reforms Commission to meet the expectations of our shareholders and customers," he added.
