Tianjin Economic-Technological Development Area and Genpact (China) Co., Ltd. Sign Strategic Cooperation Agreement

USA - English

• USA - English

TIANJIN, China, Sept. 16 /PRNewswire-Asia/ -- On September 13, the Tianjin Economic-Technological Development Area Administrative Committee and Genpact (China) Co., Ltd. signed a strategic cooperation agreement establishing a logistics platform for commercial operations in the Development Area in order to provide a variety of services including human resources, financial operations, procurement and asset management. He Lifeng, Party secretary of the Binhai New Area Party Committee presided over the ceremony, recognized Genpact Global Group's Asia and Pacific Regional chief operations officer Han Chali and his colleagues, and, on behalf of representatives of the area Party committee and the local government, welcomed guests and expressed congratulations on the signing of the project cooperation agreement.

Deputy Secretary of the Area Party Committee and Area governor Zong Guoying, Area deputy governor Yang Shihao, and responsible parties from the Area Commerce Committee and the Development Area Administrative Committee took part in the ceremony. He Shushan, member of the Area Party Committee's standing committee, the Development Area Party Organization secretary and Administrative Committee director, delivered a speech at the signing ceremony.

He Lifeng remarked, "Genpact Group is a well-known enterprise in the business processing outsourcing sector that has great overall strengths, abundant experience in operations, can provide services in a wide variety of sectors, and has made great strides in the industry. The Binhai New Area is an important area in terms of national development strategy, and its openness to international exchange and preferential policies together form a well-established network and base of operations for service enterprises. One of China's most open districts, it has attracted investment and industrial development from Chinese enterprises as well as companies from many other nations. Presently, the Binhai New Area is in the process of rapidly building a high-level, high-quality new industrial structure. We highly value the development of the modern service industry, which includes services outsourcing. We hope that the signing of this agreement will be the beginning of an even closer cooperation between the two parties, one that will allow for even greater accomplishments and an expansion of the great scale of the services outsourcing industry in the New Area. Through our supportive services, and by sharing our strengths and funding with the company, we will spare no effort to support the company's development."

Han Chali stated, "We are greatly impressed with the achievements of the Binhai New Area. In our talks with the Binhai New Area and the Development Area, we have experienced first-hand the advanced service ideals and excellent investment environment of these areas. This has further reinforced our confidence in our developments here. We will focus all of our efforts on speeding up project construction and will strive to realize great results ahead of schedule."

He Shushan remarked during his speech, "The modern service industry, which mainly provides general economic and financial services as well as services outsourcing, is one of the main focuses of industrial development in the Development Area. As a model area for services outsourcing in Tianjin, the undertaking of this strategic cooperation with Genpact is of significant importance for and will have a deep impact on both parties. We hope that Genpact will bring even more advanced technology and other projects to the Binhai New Area and the Development Area, so that both parties can join hands and enjoy the mutual benefits of cooperation."

Genpact International was founded in 1997 with funding from GE as well as two other American investment companies. Focusing on the business process outsourcing (BPO) industry, the company can provide financial accounting, human resources, money collection, and client services, insurance, supply chain, and procurement, analysis, business processing, and services for fundamental technical facilities. Genpact (China) Co., Ltd. is the group's first branch organization in China, and is currently the multinational company with the largest scale and broadest scope of operations in the BPO sector in China. In 2010, the company earned a place among the "Top Ten Global Service Providers in China."

SOURCE Tianjin Economic-Technological Development Area