Ramco Systems to make foray into Bangladesh

Enterprise software and services provider Ramco Systems today said it would make a foray into Bangladesh with a view to tap business from the government, power and banking sector of the neighbouring country.

"Bangladesh as a market is underserved and is on the threshold of a new phase of growth. We believe our suite of offerings, along with the rich expertise and understanding gained in the Indian sub-continent, will help us gain a strong foothold in this new territory," Ramco Systems Executive Vice-President (India, Middle East and Africa) R Shankar said.

He, however, declined to comment on the investment the company would make in the Bangladesh market.

BSE-listed Ramco Systems will partner a local firm, Computer Source, to explore the Bangladesh market.

"It is easier if we partner with a local entity who understands the market and with them, we will explore various opportunities in sectors like government, power, logistics and transportation," he said.

Ramco Systems, a part of the USD 875 million Ramco Group, has more than 1,400 employees operating out of 14 offices in 9 countries.

The company provides solutions for multiple verticals, including banking, insurance, manufacturing, supply chain, aviation, transportation and logistics, healthcare, governance and retail.