Indian Tech Companies Broaden Africa Investments

Indian Tech Companies Broaden Africa Investments

Written by Indu Nandakumar & Chiranjoy Sen |From Economic Times

India’s top software services companies are investing big in Africa, eager to win customers and market share in a continent that is home to fast-growing enterprises and under-developed technology infrastructure.

Lured by the growth potential of African economies and their burgeoning interest in technology, companies such as Tata Consultancy Services, and Wipro are fast expanding their employee base and delivery centres in a market that was earlier viewed as a low-cost, near-shore delivery location to serve large outsourcing customers in Europe and West Asia.

“IT services growth in the African continent is being strongly driven by government spends in IT infrastructure and services,” said Shailendra Singh, business director for Africa at Wipro, India’s third-largest software provider that is present in eight of the 54 countries. Wipro, which has 1,100 employees in Africa, will hire 1,000 people at its three centres in South Africa, Singh said. Tech Mahindratoo is betting big on Africa.

Read more at Economic Times