UwidoNews

Azim Premji, Chairman of Wipro Ltd, was awarded the US-India Business Council's (USIBC) 34th Anniversary "Global Vision" award in Washington for his work furthering India-US relations through commercial partnership.

When Rishad Premji, the 32-year-old son of Wipro founder Azim Premji, joined the company as a business manager two years ago, he had to travel almost 10 km from his Koramangla residence to work at the company’s Electronic City campus. As the elder son of Mr Premji moves into a new role of general manager .

Wipro chairman Azim Premji, at the helm of the iconic group for 43 years now, says he is in no hurry to hang up his shoes.

IT major Wipro's chief Azim Premji today cautioned the industry that competition globally is hotting up and warned the sector against falling into a mind trap of 'India Advantage'.

Wipro, the leading Indian outsourcing firm that has reappointed Mr Azim Premji as its Chairman again has entered in Cloud Computing services.

ndia Inc believes the move by the Barack Obama administration to reduce tax breaks for US firms that ship jobs overseas will hit American companies more than impact on the Indian outsourcing industry.

“It’s a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India,” said Som Mittal, president of the National Association of Software and Service Companies (Nasscom), a representative boddy for the industry.

The name Wipro always leads one to think about IT behemoth which Azim Premji has established. But nestled under the massive $ 6 bn tree is abusiness of consumer goods, a pale shadow of the IT big-brother considering that it contributes to around only 8% of the total turnover.

Wipro which has already bagged two large IT outsourcing contracts from telcos , is among the shortlisted contenders for another large Azim Premji outsourcing deal, this time from Swan Telecom . The other vendors that have made it to the shortlist include IBM and Tech Mahindra. UAE-based operator Etisalat owns 45% stake in Swan Telecom.

President Obama heard ideas ranging from tax credits to infrastructure spending at his White House jobs summit. Some combination is likely to emerge, but federal resources are limited.