Indian IT firm Ramco enters Bangladesh market

BANGALORE - Leading software consulting and product firm Ramco Systems Monday announced its entry into the growing Bangladesh market to hard-sell its suite of enterprise resources planning (ERP).

The Chennai-based firm has tied up its partnership with Dhaka-based Computer Source Ltd to market its offerings in the neighbouring country.

“We have been keen to enter an underserved market like Bangladesh, which is on the threshold of growth phase. We believe our suite of offerings will help us gain a strong foothold in the new market,” Ramco vice-president R. Shankar said in a statement here.

As part of the package, the company will offer all the tools such as hardware, software, operating system, middleware and database to run the ERP application.

“Bangladesh is an emerging market with a large IT resource pool. Its government policies are conducive for companies to collaborate with Indian IT firms and offer IT products and services in the local market,” Shankar said.

Lauding Ramco for foraying into the country, India-Bangladesh Chamber of Commerce and Industry president Abdul Matlub Ahmad asserted that his country had been witnessing rapid growth in industries and trade.

“As technology adoption is essential to support the growing business environment, ERP applications boost performance and help industries compete better in the global market,” Ahmad noted.

As part of the $875-million Ramco group, the flagship company provides innovative business solutions to customers worldwide, with offices in the US, Europe, Gulf, and the Asia-Pacific region.

“Our key differentiator is the innovative approach to develop products through revolutionary enterprise application assembly and delivery platform,” Shankar added.