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| Wipro Chairman and Managing Director Azim Premji. |
Wipro is looking at making Oman its next largest market in the Gulf
region and is looking forward to making big investments in the country,
its Chairman and Managing Director Azim Premji has said.
During his visit to Oman, Premji said it is potentially a very important
market.
“It is a good to do business here and we have made a good entry. We
think we can grow very aggressively here,” he told the Times of Oman.
Premji met business partners and authorities during his day-long
meetings in Oman, following which he left for Riyadh.
“We wanted to know what the government would like us to do to be
relevant to the country, apart from giving us business. We plan to
establish the seriousness of our commitment to Oman.
We plan to look at the presence that we have here, the presence that we
are trying to build and also build on the localisation which we are
doing here,” he told the newspaper.
Wipro has key customers across Omani market segments including oil and
gas, retail, banking, transportation among others. It has been in West
Asia for the last 10 years.
According to Premji, it is perhaps the fastest growing region for the
company globally.
“We have cut across most of the verticals in Oman. We feel the potential
is much more than what we have tapped. We feel Oman will throw up
opportunities which will be much larger than what we have been able to
exploit till now. So we will continue to make investments,” he said.
Wipro is looking to set up local capability in Oman which the company
has already done in the UAE and Saudi Arabia.
The company has also done a case study with a very important travel
segment client in Oman, the details of which will be revealed soon.
On the Indian IT industry, Premji said it will grow nicely.
“The penetration levels are low and so the head space for demand is high
and Indian companies have solid cash flows.
They are in a position to spend. But we have to be confident and have
the right proactive solutions to be able to generate the interest to
spend. India is a good market for us and we concentrate a lot on it,” he
said.
