US-based HR software solutions provider SilkRoad Technologies is all set
to make its debut in India this year with plans to put up a joint venture
company based in the city.
The North Carolina headquartered SilkRoad Tech,which was set up
in 2003, is already in talks with Hyderabad-based TMI group, an HR solutions
provider, to set up the 50:50 JV by the year end. After having set up our
presence in the Asia Pacific region in markets like Singapore,Hong Kong and
Australia,we are now focusing on India,which we feel has more potential than
China given the better education levels and English skills in India, said
SilkRoad Technologies chairman and CEO Andrew J Filipowski told TOI here.

Indias economy being where it is we feel India
is a better investment option than China because though infrastructure may be
better in China,India scores in terms of better creation of engineering and
mathematical manpower, Filipowski explained,adding that the investment for
getting started in India could be around $2 million.

$30 million turnover SilkRoad already has a tie
up with TMI groups software solutions company C&K Management to market its
suite of products in India.
ilkRoad provides webbased HR technology tools for recruiting, on-boarding, performance
management, learning management as well as corporate intranet. Peter Earnshaw,
managing director (Asia), SilkRoad Technologies, said that apart from
Hyderabad, the company was planning to have a presence in metro markets like
Mumbai, Delhi, Chennai and Bangalore as well and was primarily looking at
targeting multinationals to begin with.
We are mainly looking at multinationals, both
foreign and Indian,that have a huge employee base, to first pitch our suite of
offerings to .We are also working on driving down costs of the offerings by at
least 40% for the Indian markets, Earnshaw said,explaining how the Indian
market was changing the rules of the game in the global marketplace thanks to its
very competitive pricing.