Embassy of India
Belgrade

Press Release

India-Serbia cooperation in ICT sector - contributing to embrace diversity

Indian Information Technology Services (ITS) company Wipro and parent company of Serbian VIP Mobile (Telecom Austria Group/A1 Telecom) have entered into a strategic partnership with the aim of modernizing its business systems in multiple countries. Numerous Wipro ITS experts from India frequently visit VIP Mobile Serbia to enable implementation of the project. This business cooperation is helping experts from both countries to embrace diversities in the field of people management, work environment, national customs, food and friendships.

With the strong cultural foundation of over 1.3 billion people with different religions, sub-cultures, societal norms and changing paradigms, India today ranks among the fastest-growing economies in the world. The rising economy of India founded on strong cultural footing makes India a unique market for the world. India is witnessing all-round transformation and different sectors of the economy have become vibrant.

India is currently the world’s second-largest telecommunications market with a subscriber base of 1.2 billion and has registered strong growth in the past decade and half. India is also the second largest country in terms of internet subscribers. The country is now the world’s second largest smartphone market and will have almost one billion unique mobile subscribers by 2020. The Indian mobile economy is growing rapidly and will contribute substantially to India’s Gross Domestic Product (GDP). India’s telecommunications market is expected to experience further growth, fuelled by increased non-voice revenues and higher penetration in rural market. The emergence of an affluent middle class is triggering demand for the mobile and internet segments. The liberal and reformist policies of the Government of India have been instrumental along with strong consumer demand in the rapid growth in the Indian telecom sector.

India can play an important role in developing e-Government in Serbia. Serbian businesses are becoming aware of the huge Indian market and the opportunities it creates for them.

Indian firm Wipro Ltd is a leading global information technology, consulting and business process services company. It harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help its clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, it has over 160,000 dedicated employees serving clients across six continents.

Place: Belgrade
Date: January 25, 2018