IT major Tata Consultancy Services (TCS) plans to expand its China operations in the coming years, a top company official said.
"We plan to increase our China operations and are looking at hiring more local professionals," TCS Chief Executive Officer and Managing Director N Chandrasekaran told PTI on the sidelines of a press meet here.
All of TCS's major markets grew in double-digit terms with Europe leading the pack. Its North American revenues crossed $1-billion in Q2 FY11. All emerging markets grew with India and Asia-Pacific (APAC) leading the pack, he said.
TCS has set up a wholly-owned subsidiary -- Tata Information Technology (Shanghai) for doing business in China.
It has has four delivery centers in China, located in Hangzhou, Shanghai, Beijing and Tianjin. They are formally under the TCS Global Network Delivery Center. Through the Global Delivery Model (GNDM), delivery centers have the ability to perform large-scale projects.
China-GDC center supports the United States, Europe and Asia-Pacific multinational customers. TCS is involved in the field of business process outsourcing for major US financial services companies.
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TCS's Chinese operations has a three-pronged strategy, which includes providing services to existing multinational customers in China to help customers expand their business volume in China and development of a huge IT market in China. It has adopted an international strategy to help Chinese enterprises expand their overseas business.
The company sees an increased discretionary spending by clients and expects an increase in clients' budgets next year. It also expects an increase in IT spends by customers in FY12.