NetSol Technologies has announced it is forming a wholly-owned
subsidiary in China.

The software house projects that revenue from its Chinese
business will contribute nearly 25 percent of total NetSol revenue
in 2010, thanks to strong growth in the Chinese automotive and
financial sectors.

Until now, NetSol had been operating from its representative
office in Beijing.

“NetSol has grown its China business completely organically and
has recently secured its ninth Chinese customer, the highest number
for NetSol in any country in the APAC region,” said Najeeb Ghauri,
chief executive of NetSol.

“China is a key driver for NetSol. A fully-owned China
subsidiary further exhibits our ongoing commitment to our clients,
and opens up new possibilities for marketing additional

Jason T Hesse

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