||Reach Technologies signs pact with Microsoft (THE HINDU, Sunday, August 20, 2006)
|Tirupur, Aug. 20 (PTI): To cash in on the fast growing textile and leather industry, IT solutions provider Reach Technologies has entered into an agreement with Microsoft to provide customised business solutions to this industry. |
The product 'Reach ERP' would be based on Microsoft Dynamics, a mid-market Enterprise Resource Planning (ERP) solution of Microsoft, and will be available globally for apparel, textile, leather, home furnishings and fashion industries, Reach Technologies Chief Executive Officer Shyam Raj said.
The cost of the product would depend on requirements of the organisation, which could range from Rs 4 lakh to Rs 2 crore, he said.
Under the agreement, the implementation fees of the product would go the Reach Technologies and about 50 per cent of the license fee would go to Microsoft, Raj said.
"The textile and apparel industry contributes to about 14 per cent of the total industrial production of the country and Reach ERP will cater to the demands of this industry, which is growing at a fast pace," Microsoft Product Technology Specialist Lead Ashish Bhatnagar said.
It would help the companies in adapting their systems according to the changing business processes with time, he said.
The new product can be integrated with the existing other softwares, which would be very cost-effective for the organisations, Bhatnagar said.
Indian soft goods industry is poised for a big leap and the strategic use of IT would help organisations tap new opportunities besides reinforcing and sustaining the momentum in the company's growth, Reach Technologies Market Development Manager Bhadrish S Raju said.
Highlighting the growth of the industry, he said India would have about 8 per cent share in the total textile trade worldwide by 2010.
"The exports will touch about 50 billion dollars by 2010 with garments contributing to 25 billion dollars. It will also create 12 million jobs for the soft goods industry", he said.
||Reach Tech plans for a centre at Coimbatore (THE ECONOMIC TIMES Sunday, Aug, 20, 2006)
|TIRUPUR: With an aim to capture 30 per cent share in global soft goods industry, IT solutions company Reach Technologies is planning to acquire companies in America and Europe and will set up a development centre in Coimbatore. |
"We are planning to acquire some companies in the textile and leather areas in North America and western Europe with an aim to explore new markets for the company's products," Reach Technologies CEO Shyam Raj said.
The talks are going on and the process is likely to be completed in the coming few months, Raj said refusing to divulge any further details.
"We want to capture about 30 per cent share in the Indian apparel market which is expected to grow to Rs 1,000 crore by 2010 from Rs 400 crore currently. For this, the company is planning to expand its presence in the country, which includes the setting of a development center at Coimbatore," Raj said.
The new centre would be completed by May, 2008, with an initial capacity of 100 people which would be increased to 500 afterwards, he said.
This would be the company's second development centre with the first one being at Bangalore.
The company has offices in China, Singapore, Hong Kong and Munich and a new office in London would be set up in the next two months, he said.
Reach Technologies is Bangalore-based company and provide custom solutions, consulting services and offshore development facilities for the retail, apparel, textile, leather and allied industries.