British telecoms giant BT Group Plc aims to increase its revenue from India to $250 million in the next three years from less than $100 million now and boost its offshoring jobs in the country by 50 percent, a top company official told Reuters.
"We are concentrating on big corporate companies, the ones which are investing in India and Indian companies who are drawing outwards," Andy Green chief executive officer, BT Global Services, said in an interview on August 28.
"Companies like Infosys Technologies Ltd and Wipro Ltd need exactly these services to drive their business forward and that is our real focus in India and will remain so," he said.
Green said the BT Group was supporting several business process outsourcing firms in India and planned to move a significant number of jobs to the country as its business grows in the Indian market. It has about 12,000 employees in India now.
"My part of the business is a growing business; and so as we grow in our work force, we tend to grow it in lower labour cost and flexible economies... our agreements with the unions are very good and we are able to manage that."
Green was in Mumbai to attend the stock market debut of telecoms and software services firm Tech Mahindra Ltd, a joint venture between BT Group and India's Mahindra & Mahindra Ltd.
The joint venture company raised $100 million in the IPO that was oversubscribed 78 times. Its shares jumped as much as 55 percent in early trade.
The BT Group, Britain's top-fixed line telecoms firm, spends about $450 million on off-shoring in India and plans to invest about $10 million in setting up a research centre in the country.
The former UK telecoms monopoly has ruled out offering its broadband services to direct consumers in India, even as it sees these services as a major tool to counter its falling fixed line revenues in an already crowded sector back home.
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