HCL close to forging three partnerships in China
08 Sep 2007
Mumbai: Global IT service provider HCL Technologies Ltd has entered China and is close to forging ''partnerships'''' with three Chinese firms to better penetrate the booming market.
"We have set up operations in China by setting up a satellite office in Shanghai," Vineet Nayar, president of HCL Technologies Ltd, said on the sidelines of the inaugural annual meeting of the `New Champions'' organised by the World Economic Forum (WEF) in the northeastern port city of Dalian.
"Our approach to the Chinese market is very clear: I don''t know. The Chinese knows best. So work with the Chinese," Nayar said. "It is not possible to work in China without partnership. If you start competing with the Chinese companies, you will not succeed. Our approach in China will be collaboration and partnership," he said.
HCL
has been talking to 10 Chinese companies and is in the process of zeroing-in on
three partners, Nayar said.