admin | 
05 25th, 2009| 
Wipro is currently one of the Indian software exporter who has significant presence in Egypt. Wipro counts Bharti Airtel, Unitech Wireless and Dena Bank among its top customers. Egypt counts 10-15 % lower costs than India, and has availability of required technical skills across different programming languages including Windows and Unix.
For businesses, lower corporate tax rates along with other incentives make Egypt a very compelling destination
to invest.“Egypt has already reduced taxes from 40% to 20% and ITIDA does help multinationals with incentives like subsidising the training of professionals,” said Hazem Abdulazim, chief executive of the Information Technology Industry Development Agency (ITIDA), Egypt.
However, Egypt does not pose any threat to India’s dominance in the global outsourcing industry. “When it comes to the IT/ITeS sectors, Egypt and India complement each other utilising their strengths to open new markets, forge closer ties between Egyptian and Indian companies and make the best use of their abilities,”
Read this news in economictimes.indiatimes.com
