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| Wipro bets big on green technologies |
| Press Trust of India / Bangalore Jul 22, 2009, 18:39 IST |
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Software major Wipro is betting big on green technologies and sees it as the next emerging opportunity, hoping for a sizeable business in the next 10-15 years.
"We see that as a next emerging opportunity. We are positioning ourselves very strongly," Wipro Chairman Azim Premji told reporters here.
He noted the IT sector, whose size was small 20 years ago, had today grown substantially and constituted some 27 per cent of the country's exports and some 4-5 per cent of its GDP, indicating that green technologies holds similar business potential.
Premji said Wipro had strong IT service and IT manufacturing as well as engineering and process control capabilities. The company had been focusing on bringing in global technologies for customer solutions.
The company believes it has a blend of technologies in this space, where it says it's uniquely positioned compared to any other Indian company and many other global firms as well.
Company officials said the green technologies sector was projected to grow dramatically in the next 5-10 years.
Wipro wanted to be a leader in this space and expected it to become a sizeable business in 10-15 years. Wipro had developed integrated solutions that it said can help reduce carbon footprints and energy needs for multiple industry verticals.
One of the solutions for telecom industry, "Wipro's eCO-NET", uses a combination of its network energy diagnostics tools and end-to-end network energy operations management framework.
The officials also said the company would bid for the UID project and be in contention.
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