Singapore: Growing affluence of Indian business houses has given them confidence to invest the cash surplus into abroad ventures. Indian IT companies are waving their flags all across the globe. Known for software solutions at low cost, these companies are buoying high on the repertoire of their skilled workforce.

Continuing the recent trend, Mahindra Satyam will invest USD 240 million globally to set up infrastructure and support services for its clients over the next three years, top company official said here on Thursday.
    
"Fifty percent of the investment will be made in Asia Pacific, especially in Singapore, Malaysia and Indonesia," Mahindra Satyam CEO C P Gurnani told media here.
    
The company is holding a series of meetings with investors, analysts and clients here.
    
"The majority of the investments will go into creating infrastructure, training and development facilities and solutions either in engineering or mobility to create specific solutions for the markets," Gurnani said.
    
Investments will be for facilities outside India and not involve any merger and acquisition or joint ventures, he said.
    
Mahindra Satyam, which is in the midst of completing its merger with another group company Tech Mahindra, would also be opening an office in Vietnam's Ho Chi Minh City within a couple of months as it expands in the Asia Pacific region.
    
Vietnam would be the next new market for the group, having secured two deals from the banking and finance and oil and gas industries, added Rohit Gandhi, the Singapore-based senior vice president of Mahindra Satyam for Asia Pacific, India and the Middle East.
    
On the global plans, Gurnani said the company will consider joint ventures in Central America and South America.
    
"I do believe it will require some infrastructure such as data centres," said Gurnani, adding that the potential of investments in such facilities in the two markets.
    
He said Mahindra Satyam, being a global business, was not impacted by the slowdown in the Indian economy, unlike some of the local businesses. "We have centres across India and we will continue to make investments in the domestic market in the future."

(JPN/Agencies)