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Regular-article-logo Thursday, 09 May 2024

KLG SYSTEL INKS PACT FOR EXPANSION IN WEST ASIA 

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FROM OUR CORRESPONDENT Published 31.12.01, 12:00 AM
New Delhi, Dec 31 :    New Delhi, Dec 31:  KLG Systel has signed a memorandum of understanding with Emirates Technology Company (EMITAC). As part of the understanding, the two companies will pursue project opportunities in the areas of CAD, CAM, CAE, ERP, project management and e-commerce. Detailing the focus areas for the joint venture with EMITAC, Kumud Goel, managing director KLG Systel said, 'The pact with EMITAC is a significant development as it provides KLG Systel with an established partner to assist it in its expansion drive into the West Asian market.' He added, 'The market is growing at a fast pace and we are confident that we will be able to combine EMITAC's existing network in West Asia with our domain expertise and core capabilities in the areas of plant design, project management, process optimisation and supply chain logistics to capture a dominant share of the IT market in countries such as Saudi Arabia, Qatar, Kuwait, Oman, Yemen and the UAE.' Under the agreement, both companies will leverage core capabilities and domain expertise of KLG Systel and EMITAC's on-the-ground expertise in West Asia and its large re-seller network for computer hardware, software and medical and test measuring products and services. KLG Systel has undertaken several projects in countries such as the UAE, Oman and Qatar, Commenting on the pact with KLG Systel, N. Ram Mohan, group general manager, Emirates Technology Co said, 'We are confident that the strategic alliance will enable us to capture a dominant share of the growing IT software market in the UAE, which is estimated to be in the region of $ 350-400 million.' Internal estimates at KLG indicate that the company has an 80 per cent market share of the Indian organisation design market, with leading domestic companies such as Bhel, NTPC, L&T and Tisco as customers. The software solutions offered by KLG for design and engineering analysis include process and organisation simulation, piping, vessels and heat exchanges, structural steel electricals and instrumentation.    
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