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APTECH INDIA has taught over 5 million in 5 continents in matters relation to animation, multimedia education, hardware and network training. This would complement the I.T. industry in the Philippines and further expand relations between India and the Philippines.

Come March this year, and investing 40% together with a local Filipino partner, New Life Pharma who shall be investing 60% in its training center. In the future it would move towards it next goal of franchising in the Capital and other I.T. cities in the Philippines.

Congratulations.

Mr. Ninad Karpe., CEO OF APTECH INDIA who was one of the signatory has this to say: “Our goal is to expand rapidly overseas. The Philippines is a strong market for IT off shoring services. Demand for multimedia services is also strong. So as part of our expansion strategy, we are entering the Philippines market.” He said foreign regulations did not permit non-Philippines companies to hold more than 40% in the education sector.

The Philippines is a hot destination for off shoring services after India, with about 50% of the business process outsourcing market of the world being controlled by these two countries, according to a study by the Everest Research Institute. It is second-largest low-cost destination after India. The country is extending its success in voice-based BPO services to non-voice functions as well, the same study found.

Apart from computer education and multimedia, Aptech will also introduce its three other retail brands in the area of English language training, networking and travel, tourism, hospitality and aviation management in the Philippines. Aptech currently gets about 22% of revenues from outside of India — primarily from Vietnam, Russia and Nigeria. It has a presence in about 35 countries.

"In countries we consider to be strategic growth markets, we have a presence through joint ventures. In other countries, we have a presence through franchisees," Mr. Karpe said. Aptech holds a 22% stake in its Chinese operations, which is not part of the Aptech group revenue count but part of a separate firm.

CONGRATULATIONS.