Indian IT major Infosys is finding it difficult to expand the presence in neighbouring China and the time taken to receive payments there is up to nine times of the global average, its CEO Kris Gopalakrishnan has said.
“We are finding it difficult to expand in the Chinese market. The business environment, and the standards and processes are different,” Gopalakrishnan said in an interview with the online edition of US business magazine Forbes.
He said that another challenge in doing business in China is “getting accustomed to how Chinese companies do business with each other and what are the usual expectations”.
“For instance, typically when you work globally, you receive payments in 30 or 60 days. In China, the norm in 270 days,” he told Forbes.com.
