14 DAY TRIAL // Microsoft has reportedly informed Indian partners that a new sales subsidiary would be established as soon as April 2013, after more than 20 years since the company launched the first product in the country.
According to a report by CRN, the new subsidiary is a sign that Microsoft is planning to invest more in India and to focus on the local business, as the country has shown great potential in the IT sector.
“Microsoft has formally informed all partners that they will be opening the India sales subsidiary by April. Partners have been informed that their new partnership contracts will now be in the name of Microsoft’s India subsidiary. The contracts, so far, were signed with Microsoft’s Singapore subsidiary,” Devesh Aggarwal, CEO of Compusoft, was quoted as saying.
The local government has already warned Microsoft that its new sales subsidiary would have to pay taxes and comply with local regulations, as the Redmond-based giant has already been accused of employing several tax-dodging schemes in various countries across the globe.