Genpact had signed a five-year strategic partnership agreement with the government of Qingdao to foster the globalization of Chinese corporations. The Qingdao government will facilitate the establishment of partnerships between Genpact and domestic multinational enterprises in order to promote the development of Qingdao's economy. Charles Hunting, CEO of Genpact Asia; Li Qun, Qingdao City Party Committee Secretary; relevant Qingdao government leaders; and several enterprise representatives were present at the recent signing ceremony.
According to the agreement, Genpact's Qingdao branch will be located in the Qingdao Economic and Technological Development Zone. Relevant Qingdao government departments, as well as the development zone's administrative department, will provide policies that support Genpact in building China's first domestic global process innovation center. The Qingdao government will also promote the establishment of strategic partnerships between Genpact and local multinational companies in Qingdao, including Haier, Tsingtao Beer, and Hisense. Correspondingly, Genpact will provide high-end services and business models for those companies.
Tiger Tyagarajan, President & CEO, Genpact said, "This first-of-its-kind innovation center illustrates Genpact's unique thought leadership around the science of process based on our Smart Enterprise Processes (SEP) framework for making business processes more effective. Our deep heritage with driving process optimization with Lean Six Sigma, and our experience with successfully integrating processes with technology and data, enables us to provide global innovation and best-in-class operations to corporations across the globe."
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