HCL Technologies Ltd has entered China and is close to forging 'partnerships' with three Chinese firms so as to effectively penetrate the booming domestic market which has so far been a hard nut to crack for Indian software and servicing companies.
"We have set up operations in China by setting up a satellite office in Shanghai," President of HCL Technologies Ltd, Vineet Nayar, told PTI on the sidelines of the inaugural annual meeting of the new champions organised by the World Economic Forum at Dalian in China.
Though a late entrant to the Chinese market in comparison with other Indian software and service providers, HCL will chart a different business model of partnership in China since the company feels that it does not know the complex Chinese market