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Wipro sees great synergy in Indo-Gulf partnership

  • United Arab Emirates: Monday, December 12 - 2005 at 16:21
  • PRESS RELEASE

Encouraged by the success of India Calling-Asia Pacific Business Summit- 2004 in Singapore, IMC (Indian Merchant's Chamber) jointly with Indian Business & Professional Council (IBPC) organised "India Calling 2005 - India Gulf Partnership Summit in Dubai recently.

Speaking at the India-Gulf partnership Summit in Dubai, Mr. Rajat Mathur, Vice President, International Operations, Wipro, said,
"We see a tremendous synergy in the Indo-Gulf markets and we aim to further strengthen this relationship in the years to come. Middle East market is moving into higher value services as IT is increasingly relied upon to drive business momentum. Middle East forms critical part of our global business strategy. Our company is extremely committed to building a strong customer base in UAE and across the region. We are confident that our efforts in bringing best practices will spur healthy growth of ICT industry in UAE.

The Summit plans to attract at least 500-600 participants from countries like India, UAE, Oman, Bahrain, Kuwait, Qatar, Saudi Arabia and from other countries in Europe, Asia, America and Africa. The theme of the Summit is "Towards Global Business Leadership."


One of the key objectives of the summit was to project the Gulf Region as an attractive investment destination with particular reference to UAE and emphasize on the availability of excellent infrastructure within the region and the initiative undertaken for the development of Special Economic Zones/ Free Trade Zones.

Dubai Chamber of Commerce and Industry is the chief patron of the Summit. Abu Dhabi Chamber of Commerce & Industry, Indian Business and Professional Group, Abu Dhabi, Sharjah Chamber of Commerce & Industry, Indian Business Professional Council, Consulate General of India in Dubai and Indian Embassy in Abu Dhabi are also playing a pivotal role and fully supporting this summit.

Wipro recognizes Middle East as a strategic market as the company witnessed high growth from this geography. In 2004-05 alone, Wipro had YoY growth of 85 per cent in APAC/Middle East region. In Q2, 2005-06, the company had a YoY growth of 28 per cent in the Asia Pacific/Middle East region. In Q2 ending September 2005-06, Arab National Bank, Kingdom of Saudi Arabia, selected Wipro as their partner for managing the Datacenter operations of their 'Disaster Recovery Center'.

In addition Manso Group, a diversified business group in KSA, having interests in petrochemicals, steel, laminates and transportation business has chosen Wipro to Implement Enterprise Application Platform - SAP Enterprise Version.

"Wipro is uniquely positioned to become our customers' strategic IT partner due to our breadth of our offerings, skills and global recognition. We see a strong demand for services like Package implementation, Infrastructure Management, Testing, Application Development and Maintenance and customization services," added Mr. Mathur.

Wipro started its operations in Middle East region in June 2001. In the subsequent years it expanded its operations in the region to Kingdom of Saudi Arabia, Oman, Qatar, Bahrain and Kuwait. Today it has built a strong customer base in Middle East. Some of its customers in the region include-Thuraya Satellite Communications, Doha Bank, Qatar Petroleum, Gulf Insurance Company, Sharjah Electricity and Water Authority, Al Ansari Exchange, Dubai Metal and Commodity Center, SPC and Dubai Municipality among others.

Wipro delivers high end IT services and consulting services to its client in the Middle East region through its two regional offices. One in Dubai Internet City handling operations in UAE, Qatar, Oman and Kuwait, and the second at Al Khobar catering to Saudi Arabia and Bahrain.
Mr. Rajat Mathur, Vice President, International Operations, Wipro 
Mr. Rajat Mathur, Vice President, International Operations, Wipro
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Notes and Media Contacts »

About Wipro Limited:
Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com , and www.wipro.co.in

Wipro's forward looking and cautionary statements
Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

For further information, please contact:

Agency Contact:
Prem Ramachandran
ASDA'A Public Relations, Dubai, UAE
Tel: 00 -9714-3344550
Fax: 00 -9714-3344556
Wipro (Bangalore)

Aparna Ramani
Media Relations, Wipro Infotech
Bangalore
Tel: 91-80-28440011

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