Patni Computer Systems Ltd will set up a development centre in China, mainly to cater to the Japanese software market, a company executive said on Thursday.
The company had already conducted due diligence with regard to its entry into China and a business model was being worked on, senior vice-president of Patni Computer Systems Mrinal Sattawala told PTI on the sidelines of Nasscom 2003 seminar in Mumbai.
The similarity between the characteristics of Japanese and Chinese language and the geographical proximity were the reasons for the company to set up an offshore base in China, he said.
"We expect the operations to begin in the later half of 2003 but the financial structure is yet to be worked out," Sattawala said.
The offshore base in China would mainly deal with development of software products for banking, financial and services and insurance sector and high-tech manufacturing.
Patni Computers would also invest $8.5 million in its business process outsource operations and set up a new 50-seater facility in Pune. "This will enable us to offer offshore, onsite and onshore services from India."
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