Wipro Corporate    Wipro Corporate
   Home  People  Brand  Mission : Quality  Press Room  Spirit of Wipro
Press Releases
MCIT announces entry of Wipro into Egypt: Wipro to set up a Global Development Center
   
 
Bangalore, August 22, 2007:
The Ministry of Communications and Information Technology today announced that Wipro will be setting up a global development center in Smart Village.

H.E Dr. Tarek Kamal , Minister of Communications and Information Technology has witnessed today the signing of an MOU between Wipro and the Information Technology Industry Development Agency (ITIDA) supporting Wipro to establish a Global IT services Development Center targeting the IT Export Services for the Middle east and Global Markets.

Wipro is the leading Consulting and Information Technology Company from India employing more than 70000 professionals. Wipro would be providing software development, integration and consulting services from this center.

On the occasion H.E Dr. Tarek Kamal, Minister of Communications and Information Technology said "We are delighted that Wipro is setting up a global development center in Egypt. This will give a further impetus to Egypt as an IT Export destination ".

Eng. Mohamed Omran, CEO of ITIDA added "Wipro is a leading IT services company with strong presence in the Middle East region. We believe that talent transformation processes of Wipro will be of significant value"

Mr. Rajat Mathur, Chief Executive of Business Solutions and Head of Middle East and Asia Pacific regions said "Wipro has always been focused on Middle East as a region and localization in this region is one of the key strategies for growth this year. This development center besides strengthening Wipro's dominance in the region would also give a thrust to Wipro's Global Delivery Model. We are impressed with the focus of the Egyptian government on Information Technology and are proud to be associated with them in this talent development initiative."

With revenues of US$ 3.47 Bn, the NYSE listed Wipro Limited is the leading Indian company in providing IT and consulting services to organizations globally. Wipro had started its operations in Middle East in 2001. Today it has a strong customer base across the Middle East with operations spread across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. Some of Wipro's prestigious customers in the region include Sharjah Electricity and Water Authority, Metal, Dubai eGovernment, Qatar Petroleum, Bahraini Saudi Bank, Future Communications Company, Kuwait, Doha Bank, PetroRabigh, SASREF and Saudi Polyolefins Company among others.

About Wipro Infotech
Wipro Infotech, a division of the US$ 3.47 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Services, Solutions and Consulting Services in India, and provides Technology & Software Services and Consulting Services in the Middle East and ASEAN. It is the world's first Products, Services and Solutions Company to be certified, Enterprise wide at Level 5, Version 2.0 of PCMM. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It has business offices in the Middle East and Asia Pacific. Wipro Infotech is ranked No. 2 in Indian Domestic IT Services Market in 2005, according to IDC's report Indian IT Services Market Analysis 2005-10.

About Wipro Limited
Wipro 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
Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manageacquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

  Top
Contact Us | Disclaimer | Privacy Policy