major TCS has signed a joint venture with three Chinese
companies to form Tata Consultancy Services China, which
hopes to begin its operations around September, by which
time all the business licences are expected to be in
a 72.2 per cent stake in the JV, TCS will have full
management control. However, TCS aspires for value addition
through the participation by local companies.
per the Chinese government''s plans Microsoft will enter
the JV at a later stage, which will reduce TCS'' holding.
Initial investment by TCS is to the tune of $12.6 million,
while Microsoft is expected to bring in another $1.5
existing 500-people facility in China will be absorbed
by the new
company. TCS China will employ 5,000 people over the
next four years and bid for non-voice based Chinese
outsourcing businesses for MNCs, in addition to other