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Travel and expense management provider Concur has started operations in India.
The move aligns with the company’s plans to expand on its existing customer base, and into new geographic markets, according to Steve Singh, Concur’s CEO.
“India is projected to very soon become the world's third largest economy, with a travel sector that is expected to be well over $20 billion by 2012,” he said.
“By hiring local talent across all functional areas of our business and focusing on the local needs of each market in which we operate, Concur will continue to expand our offerings and extend our global reach."
Concur already has hundreds of multi-national clients in the region, and a burgeoning Indian business travel market, added Singh.
For example one of Concur’s technology clients, Atmel Corporation, has an established employee base in India.
Mark Ziegler, corporate travel manager for Atmel, said he hoped the India launch would help with the implementation of a global travel management strategy.
“Concur's expansion into India will allow us to further standardize travel policy compliance and procedures," he said.