What is the wage inflation, wage increase rate, that you e seeing in India for programmers?
Banerjee: In India, the total wages have risen up between 10 percent and 12 percent. Ten percent and 12 percent annually? Banerjee: A 10 percent to 12 percent offshore wage increase. And I believe that that’s going to be rising at the same level or a little higher in the next 24 months. People have a lot of misconceptions about China. I think China is associated with low cost, at least in the software industry. I haven’t found any evidence of that with any customer or anybody who has done any business there. What is Wipro’s presence in China? Banerjee: We have a small development center out of Shanghai…The plans are to have a beachhead from where we’re able to implement software development activities for people who have a China (presence). So it’s not so much the India model of taking work from, say, a U.S. customer or European customer and doing that application development or integration work in India? Banerjee: No, we don’t do that. Do you have specific head count growth plans in
