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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (10266)	12/23/1999 9:55:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

NELITO (a TATA-Itochu Co) Eyes International E-Com Market nelito.com By Uday Lal Pai India Correspondent, asia.internet.com [December 22, 1999--MUMBAI] India-based Nelito Systems Ltd. (NSL), a joint venture of Tata Group and Itochu Corporation of Japan, plans to offer e-commerce solutions for the banking sector. The company intends to approach the markets of China, Latin America, Africa and the Middle East with its bank automation solutions. NSL will also float a fully owned subsidiary in the US by April 2000. "Our core strength is financial services, and we are looking at offering e-commerce solutions to banks and other financial institutions overseas", said NSL president Alok Chakravarti. Currently, all banking software available in India is account-based. NSL's IBAS 2000-plus product is powered by Microsoft's SQL technology and is customer-based, said Alok. According to Alok, features include multiple branch-connections into a single client server network, security mechanisms at all levels and multiple-currency/multiple delivery channels enabling customers to do business through ATMs, the Net, telephones or home PCs. Nelito also plans to provide network management solutions to ISPs. As a first step towards expanding its overseas market, the firm will be setting up a wholly owned subsidiary on the US East Coast. The center, to be established by April 2000, will concentrate on marketing. NSL is also setting up a software development center in Mumbai, which is expected to be operational soon.