Lavasa-Wipro ink partnership to build India's first complete e-City
“Wipro has some of the strongest SAP skills of Indian providers"
Bangalore, August 27, 2009:
Lavasa Corporation Ltd. and Wipro Limited (NYSE:WIT) today announced their partnership for planning, implementing and managing Information & Communication Technology (ICT) services across Lavasa city. Lavasa is free India's first and largest Hill City being developed by Lavasa Corporation Ltd, a part of HCC Group. Wipro will support Lavasa city in the areas of City Management System & Services, E-Governance, ICT infrastructure and value added services, including providing intelligent home solutions and digital lifestyle. The ICT services will include voice-video-data services to various businesses operating out of Lavasa city.
The strategic partnership is intended to focus on providing integrated and effective solutions for enhancing IT operations within the Hill city. It will identify governance services and operating models, and define processes for delivering best-in-class governance. It will also provide the necessary infrastructure support including technology selection, supply, installation and management of platforms, networks, data centre etc. The estimated revenues out of this partnership from Lavasa city's first town Dasve is about US$ 100 Mn over next 10 years.
Speaking on the occasion, Mr. Rajgopal Nogja, President, Lavasa Corporation Limited, said, "For a completely new hill city like Lavasa, technology leadership is a key driver of city development and management. Wipro has proven expertise in innovative ICT solutions and this partnership will ensure a quantum leap in not only being technologically proactive but also realising our vision in becoming a completely e-governed city."
Mr. Anand Sankaran, Senior Vice President and Business Head, India & Middle East, Wipro Infotech, said, "We are delighted to be engaged in this pioneering venture of a large hill city under development. We plan to deploy cutting-edge technology and leverage our global best practices to deliver innovative services to residents and businesses operating from Lavasa. We look forward together to setting new benchmarks in ICT excellence and creating the first completely e-governed city in India."
Through this exclusive partnership Wipro will also design the detailed infrastructure for telecom services for governance, as also for the resident and visitors of Lavasa city. Wipro will provide telecom-based services that will facilitate smart homes, and buildings including integrated building management systems, physical security requirements and other on-demand services. The technology will undergo constant innovation to pave the way for developing smart cities like Lavasa in the future.
Lavasa city, being developed in an area spanning 100 sq. Kms., (one fourth the size of Mumbai) will have a self-sustaining economy of its own and will cut across the entire spectrum of socio-economic class. It will encompass hospitality, tourism and leisure on one hand and education, research and innovating businesses on the other. Lavasa city hosts a complement of global leaders in hospitality, tourism, education, healthcare, business research and industry.
About Lavasa
Lavasa is free India's first and largest hill city being developed by HCC (Hindustan Construction Company) where people can Live, Work, Learn and Play in harmony with nature. An inclusive city, based on the principles of New Urbanism, it is fast being developed amidst 12,500 acres of land, 3 hours' drive from Mumbai and 1 hour from Pune. Lavasa will host a complement of global leaders in hospitality, tourism, education, healthcare, business research and industry. The hill city provides contemporary yet timeless architectural designs, multiple options for housing like rental housing, starter homes, apartments and villas. With state of the art infrastructure and amenities it will thus enabe people to live life in full. For more information, visit
www.lavasa.com
About Wipro Infotech
Wipro Infotech, a division of the US$5 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at
www.wipro.com
,
www.wiprocorporate.com and
www.wipro.in.
Wipro's forward looking and cautionary statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.