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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." |
  About Global Exchange
Global Exchange explores how emerging markets are impacting and influencing the global financial community, at a time when business is a vital driver of the international news agenda. Global Exchange is presented live from Abu Dhabi by emerging markets editor, John Defterios, who will be joined by CNN correspondents from around the world. Global Exchange also includes the “GX20,” a global hotlist of some of the world’s biggest economic thinkers. The GX20 will be drawn from the key emerging markets, from across China, Russia, India and South Africa, contributing to the show and this blog. Watch on CNN International Sunday to Thursday: 1100 ET Follow the show on Twitter @CNNGlobalEx and use the #CNNGlobalEx hashtag to join the conversation. Recent Posts
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Ponsonby, my old hood, gets a shout out in the NYT nyti.ms/ZgMjzt
RT @BenLyons1: I'm taking part in a CNN tweet chat on Monday at 12pm on the effects of the downturn on inequality:
edition.cnn.com/2013/05/24/bus… #…
RT @karlrygh: Join @OECD youth reps as @cnni hosts tweet chat Monday. Topic: Has crisis fed rich & robbed poor? #inequalityCNN http://t.co/…
CNN is hosting a tweet chat Monday: Has crisis fed the rich + robbed the poor? #inequalityCNN 27/05, 1pm CEST on.cnn.com/12B8zAL
RT @LaurenMoorhouse: CNN #business tweet chat - Has financial crisis fed rich + robbed poor? Join conversation on 27/05/13 #inequalityCNN h…
updated 937 GMT, May 25
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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!
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.
See the elephant is dying and die a very sad situation
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When you can't beat them, spit on them.. yeah Mr.GEEK?
Geek, I work with many Indians and they are smart and write very good code. Don't generalize.
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.
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.
@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."
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