New Delhi: IT services firm Tech Mahindra will increase its investments in Korea in a bid to become the largest India-based system integrator in the Asian nation over the next three years.
The Mumbai-headquartered firm will establish partnerships with local universities, business schools and trade bodies to create 300 jobs in the next 3 years.
“The move represents another major investment by the Mahindra Group, which is the owner of Ssangyong Motor and already one-of-the largest foreign investors in Korea,” Tech Mahindra said in a statement.
Tech Mahindra aspires to be the largest India-based system integrator in Korea by 2017. The firm believes that localization is the key to achieve this target and plans to run as a local Korean company in partnership with a Korean conglomerate, it added.
The over $3 billion entity is part of the $16.5 billion Mahindra Group.
“Korea's growth and rise encourages us to explore its potential to connect with the world market today. Our relationship with Korea goes back a long way through Mahindra Auto,” Tech Mahindra CEO and Managing Director C P Gurnani said.
The firm is committed to creating local infrastructure and a knowledge base to address the needs of Korean businesses and globalize their operations, he added.
Tech Mahindra first set its foot in Korea in May 2002 and has strong capabilities in IT system development and IT service management with service delivery optimization through local delivery centers onsite and offshore.