Tata Consultancy Services will set up a majority joint
venture with global software leader, Microsoft, in China
to provide services to global companies and the local
India''s top software exporter, will hold a majority
stake in the venture, with Microsoft, China''s Uniware
and two Chinese software parks being minority shareholders
in the joint venture to be located in Beijing''s Zhongguancun
Software Park. The venture will commence operation in
key objective of this global initiative is to build
the new venture as a role model for the growing Chinese
software industry," TCS announced in a statement.
China''s exports in software and back-office services
total less than one-fifth of India''s $17.2 billion.
already operates in China through a subsidiary with
250 employees set up in 2002.