Wipro exploring Vietnam to expand its global footprint
CIOL: Indian companies don’t want any stone unturned in their quest for expansion in newer markets. Indian IT giant Wipro is looking at Vietnam, as a possible offshore destination. Wipro is currently investing in a center in Romania and is looking at other Asian destinations.
The Romanian centre is the first offshore destination center opened by Wipro outside India. This center was aimed at serving as a near-shore destination to serve the company’s customers in Europe. Around $250 million was invested into setting up the facility. Wipro actually wants to set up strategic offshore centers to capture the markets around it; these centers are also opened so as to minimize the risk of operating from a single location. Now days clients are also concerned about the processing of their data and the offshore location. Wipro wants to minimize this risk, by operating from a center much closer to the clients location. For this, the company is currently studying the potential of having operations in Vietnam and other regions in Asia. Wipro is also planning to ramp up investments in Australia in the next two years including the establishment of a near-shore center there.
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