MsourcE, a subsidiary of MphasiS BFL Ltd, is likely to open its new facility in China by the end of this fiscal.
The Rs 93.6 crore company has stated in its latest annual report that it is also evaluating other destinations in South East Asia. However, current situations seem to favour China as the right location.
The fact that its parent, MphasiS BFL acquired the entire stock of Navion (Shanghai) Software Development Company Ltd during the quarter ended March 31, 2003, seems to have augured well for MsourcE.