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Indian IT services
provider Wipro has said it is keen to expand its footprint in France as the
country offers huge potential for growth and has stepped up its investment in
the region.
Wipro believes that
sales opportunities are huge in France for an IT outsourcing company.
The French government
has undertaken series of measures in recent years to make it easier and more
profitable to do business in France. These far-reaching reforms have changed
the equation for existing companies and new investors.
France is a large
under-penetrated market for offerings that take advantage of the global
delivery model. But more critically, some of the world’s biggest and best
corporations represent France.
This highlights the
efforts of Indian IT companies at spreading their geographical reach to newer
markets in a bid to reduce their revenue dependance on US, especially post the
global crisis.
Wipro is trading at
Rs.726.65, down 0.28% on BSE at 13:55 IST.
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