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Rediff.com  » Business » Infosys to set up centre in Czechoslovakia

Infosys to set up centre in Czechoslovakia

March 16, 2004 12:54 IST

With a view to tap the eastern Europe market better, the Nasdaq-listed software major Infosys is planning to set up a centre in Czechoslovakia for both information technology and business process outsourcing operations.

"We are planning to set up a centre in Czechoslovakia, close to Prague, for both our software and BPO operations," Kris Gopalakrishnan, COO and deputy managing director, Infosys Technologies, told newspersons on the sidelines of a CII summit in New Delhi.

He declined to comment on the time-frame within which the centre would be set up and whether it would be through a local partner.

The Bangalore-based Infosys has European presence through countries like France, Netherlands, Germany, Sweden, Switzerland and Austria.

Eastern Europe has become an attractive destination for BPO and software destination because of good delivery locations and many software and BPO companies are ramping up their capabilities in Prague and Budapest among others.

"BPO is the fastest growing segment within IT services and is expected to grow at a compounded annual growth rate of 6.8 per cent to reach 33 billion euro by 2007," analyst firm Gartner said.

Infosys operates in the BPO space through its arm Progeon.

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