January 27th, 2012
10:18 AM GMT
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Davos, Switzerland (CNN) – Indian IT giant Wipro is expanding globally to avoid feeling the heat of any slowdown in its top markets – primarily the United States and Europe. But Wipro Chairman Azim Premji said he is not worried about the pace at which those economies are recovering.

“Irrespective of all the slowdown you hear about vis-a-vis the global economy as far as IT is concerned demand is still strong, particularly for global partnering,” Premji told CNN’s John Defterios.

“I think partly it is determined by the fact that U.S. companies are full of cash flow, they’ve established relationships and are growing relationships with global companies, and they’re willing to invest in transformational projects, keep-the-lights-on projects,” he added.

Premji, who is India’s fifth-richest man, says most estimates are for the IT industry to grow about 15% in 2012. He added that emerging markets were helping to drive growth and innovation for Wipro.

He said: “Some of our highest growth markets are outside the Western world, including India, including the Far East, including the Middle East, and what we’re doing is very, very significant reverse innovation in India, custom made to the domestic requirements of the emerging markets."

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soundoff (17 Responses)
  1. GEEK

    Yup.... Outsourced jobs.....and they produce crap code. At least, it jobs coming back here, cause some one has to fix the crap these people produce. HA!

    January 27, 2012 at 3:09 pm |
  2. really1

    GEEK – what crap code? I think Windows and Oracle improved a lot and do not crash that much – since they started producing the code in India. It was crappy before then. Get your facts right.

    January 27, 2012 at 5:01 pm |
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  4. Aj

    When you can't beat them, spit on them.. yeah Mr.GEEK?

    January 27, 2012 at 6:28 pm |
  5. Deana

    Geek, I work with many Indians and they are smart and write very good code. Don't generalize.

    January 28, 2012 at 2:41 am |
  6. d kern

    Geek, I have worked alongside Indians. most of them are very hard workers. when our company outsourced worked to Bangalore, India I was skeptical and worried for code quality and timely completion. After a few weeks of training we realized we could get MORE work done with fewer resources when outsourced. I was invited to India and I witnessed their hard work. everybody is willing to learn and work more than 8 hrs with a cheerful face.

    The quality of your team's code is only as good as you train and instruct them.

    January 28, 2012 at 3:45 am |
  7. wonderbott

    GEEK – I came back to India after staying almost 20 Years in US and Canada – I found out that bad project outcome is not determined by bad coding – in-fact it is bad requirement gathering, scope creep, inefficient project management, etc determines the coding standards and the project out come. All those activities are mostly done onsite. So blaming the poor coder is simplifying the situation.

    January 28, 2012 at 6:00 am |
  8. Ishwon

    @GEEK
    Read this http://in.news.yahoo.com/aneesh-chopra-obamas-indian-american-head-quits-033519010.html.

    From the article:
    "Aneesh found countless ways to engage the American people using technology, from electronic health records for veterans, to expanding access to broadband for rural communities, to modernizing government records."
    "His legacy of leadership and innovation will benefit Americans for years to come, and I thank him for his outstanding service."

    January 28, 2012 at 8:03 am |
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