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Tata And Microsoft Approved To Set Up Chinese JV

October 18, 2006
Software

Tata Consultancy Services Ltd, the largest computer service consulting service provider in India, says that its plan to set up a joint venture company with Microsoft (MSFT) in China has been approved by Chinese regulators.

Tata says it will hold the majority stake, Microsoft will hold 10% and three Chinese companies will jointly hold 28% of the new JV.

The joint venture is backed by China's National Development and Reform Commission, and is expected to become profitable within 18 months.

Tags: China | Chinese | commission | computer | development | India | IT | joint venture | JV | Microsoft | MSFT | National Development and Reform Commission | service | Tata | Three

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