Japanese IT Giant Fujitsu Off-shores to India

Having captured the attention of the West, India is fast becoming the focal point for Far Eastern countries like Korea, Taiwan and Japan, as they pour mega investments into the country setting up shop for their manufactured wares. While, looking to hawk their wares in the domestic consumer market, they are also keen to establish off-shoring / outsourcing centres in India. And recently, Japanese IT giant Fujitsu specializing in semi-conductors, computers, both super and personal including servers, telecommunications and services, announced its intentions of injecting a massive investment into the Indian economy, both to market its products and to set up call and off-shore development centres across the sub-continent.
Talking to newsmen in Bangalore, Choi Chee Kong, Asia Regional Regroup Senior Vice President declined to indicate the exact investment sum, but hinted it could run parallel to its $20-million investment on a platform development programme in China, over the next two years. Emphasising that Japan considered India a major developing centre, Kong indicated the investment could be similar to that in China, seeing that his firm s strategy was that of large scale investment in developing markets, such as, the two Asian rivals. However, he also mentioned the investment figures mentioned for China did not include investments meant for offshore development centres.
And, that gives India the edge over China as the Fujitsu group of companies eye India as an investment in call and off-shore development centres. Just recently, a Fujitsu team went on a scout, around the Indian sub-continent looking for investment opportunities. Furthermore, according to a Fujitsu company official, its first development centre to be set up in Hyderabad by mid-2006 will have a seating capacity of nearly 2000. Already, Fujitsu has a partner in Pune, as well. Other Indian cities in its investment net include Bangalore, Gurgaon and Chennai.
As it announced the setting up of a Bangalore office, by way of strengthening Fujitsu operations in India, Kong, said the company aims to sell $12-million worth of servers over the next 12-months. And, if Fujitsu acquires 5% of the market share within the next three years that would amount to around $60 million he added. While, the Japanese firm caters to local enterprise, it also looks to sell its servers to multinationals and Japan-based companies setting shop in India.
A lucrative move, as companies from across the world wash up on the shores of India, of course, they do require what Fujitsu is selling. Not only has India become a favoured off-shoring / outsourcing destination, it is also becoming a market hub where the world s companies hope to make a tidy profit on the sale of their manufactured products! It won t be too long before the world revolves around India, a strong focal point for world s affairs!
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