CHENNAI: Amid continuing geopolitical tensions between Asia’s economic powerhouses — China and India — Chennai-based software major Ramco Systems announced it had expanded its client list in the Chinese market yet again, adding another original equipment manufacturer (OEM) in the global top five.
According to a statement released by the firm’s management, it has secured an order from one of the global top five aircraft OEMs for its joint venture in China.
Ramco will help the China-based manufacturing centre to embrace latest technology offerings to automate its maintenance and engineering, supply chain, finance, HCM (human capital management) and Payroll functions on a unified platform. With in-built Mobility and Hubs for simplified user experience, the application will enable users to configure and track aircraft components, gain visibility of stock and provide advanced reporting support, in addition to addressing local statutory compliance requirements for HR, payroll and finance.
“With this win, we now have two of the top five global aircraft OEMs as our clients. Ramco’s ability to address the end-to-end needs of the aviation industry with a comprehensive offering and experience with existing customers in the Chinese region played a key role in winning this strategic deal,” said Virender Aggarwal, CEO, Ramco Systems.
The ongoing tussles between the two countries, however, seems not to have muted business hopes in the long-term. “With China expected to become the world’s largest aviation market in the next decade, this win will pave way for further growth from the region,” Aggarwal added.
Ramco had first entered the Chinese aviation services market in 2016, when it acquired orders from Far Eastern Air Transport followed by China Southern Airlines General Aviation.