Infosys to continue with its global focus
08 Jan 2007
Bangalore: N R Narayana Murthy chief mentor of Infosys said the company would continue to focus on global markets for growth.
He said Infosys was founded on the principles of globalisation and was not constrained by national boundaries while interacting with visiting students from the Stanford Graduate School of Business at the Infosys campus here.
He said Infosys had developed certain products, which were doing well in India: "We evolved the core banking package and we command 60 pc of the market share in India.
As many as 25 students representing 12 nationalities took part in the interaction. Another delegation from Cornell University, led by its President David J Skorton, also visited the Infosys campus on Saturday.
In a separate interview on television Murthy said he favoured MNCs in the sector saying consumers will benefit from their entry.
"When we have opened it (retail sector) to large Indian groups, which means that mom and pop stores are likely to suffer anyway, why not open it to large multinationals," Murthy told Karan Thapar on a CNN-IBN show Devil's Advocate.
When asked if he believes foreign direct investment should be permitted in the Indian retail sector, he said, "absolutely".