Japanese telecommunications giant NTT said the Indian market is important in its global strategy of acquiring companies to grow its IT business overseas.
In an Economic Times report Wednesday, Jeffrey Womack, head of marketing and alliances for Americas at NTT Data, said the company will make investments to "grow organically and inorganically through acquisitions" to support global delivery needs as well as the "significant" domestic business in India and China. NTT Data is the company's IT services arm.
Womack underscored the importance of India which is "the foundation" of NTT's global delivery strategy. Up until 2011, the Indian branch supported only customers in North America. Today, it supports clients in Asia and EMEA (Europe, Middle East and Africa), making it a global delivery hub, he explained. China, he added, is the second global delivery location.
NTT Data currently has a workforce of 10,000 in India, and will soon set up a shared services operation in the country, according to Womack.
But that number is small compared to the Indian presence of other companies, the Economic Times said, pointing to Accenture's headcount of over 60,000 and Capgemini's 30,000 in the Asian economy.
NTT Data's growth plans in India come after the group consolidated its acquisitions worldwide. In January this year, another NTT subsidiary, NTT Communications, acquired a 74 percent stake in Mumbai-based NetMagic.
During that time, NTT also said it integrated six foreign IT companies it acquired over the past several years under the NTT Data brand name. This included Pune, India-based Vertex Software which NTT bought in 2007. The others were U.S.-based IT companies Intelligroup and Keane in 2010, The Revere Group in 2005, and MISI Company in 1992.
"Having one brand name allows us to represent our capabilities better," Womack said in the report.