Sundaram forms venture with Dubai firm

By Indo Asian News Service | Wednesday, September 06, 2006 | 3:11:34 PM IST (+05:30 GMT) Comment 0 Comment

Chennai, Sep 6 (IANS) Sundaram Business Services (SBS), the outsourcing arm of Sundaram Finance Ltd, Wednesday said it had formed a joint venture with the Dubai-based ETA Group.

Chennai, Sep 6 (IANS) Sundaram Business Services (SBS), the outsourcing arm of Sundaram Finance Ltd, Wednesday said it had formed a joint venture with the Dubai-based ETA Group.

The joint venture will drive SBS' Middle East expansion, the company said here, adding it that plans to hire accounting professionals as well as people with Arabic skills for the new project.

Named Gulf Outsourcing Services, the 40:60 joint venture between SBS and ETA will target the outsourcing markets in United Arab Emirates (UAE), Bahrain, Oman, Qatar, Kuwait and Saudi Arabia.

The new company will open a full-fledged office in Dubai soon and eventually plans to set up a facility at the Dubai Outsourcing Zone.

Founded in 1973, the ETA Group has interests in the business of construction, manufacturing, trading, shipping, retail, leisure, management of facilities, automobiles, insurance and information technology.

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