Economic Times, January 19, 2004

Bahwan CyberTek, an associate company of Suhail Bahwan Group from Oman, plans to tap opportunities in the Indian e-governance, financial services and enterprise segments for growth. The Omani company, which has an offshore development Centre in Chennai, sees the Indian market as a key to its growth over the next two years and expects to invest more than $5 million to Indian operations.

"India is one of the most critical markets for us. With an underlying focus towards enabling business to become real time enterprises, we have made a strong offering to the Indian market. Besides a slew of products for the targeted segments, we will also offer services such as offshore, migration and system integration and Oracle e-biz implementations," Mr. S Durgaprasad, director and CEO of BahwanCyberTek told ET.

The company has an offshore development Centre at Chennai and BPO Centre at the Dubai Internet City. While banking and financial services segment will be catered through its 'Cuecent' range of products. The company is keen to partner with state governments for various e-governance initiatives beginning this year.

Bahwan CyberTek has been the driving force behind Oman's e-governance initiatives and has recently won a three-year contract with the Oman government worth $3 million. The contract envisages the setting up of IT infrastructure for e-services delivery across Oman. The company is holding talks with the Andhra Pradesh government in different citizen services projects