UAE-based Collaboration, Management and Control Solutions (CMCS) has opened a new office in India to tap into the country’s $80 million project management sector, which is expected to grow five-fold by 2013.

A leading provider of project portfolio management solutions, CMCS said the newly-established unit, CMCS-India will target up to 10 per cent market share in its first year of operation.

The company's strategy for the Indian market will be based on relationship marketing with lead implementers, vertical specialisation in five main industry segments, and a focus on key government establishments where CMCS already has proven international case models, said a senior official.

The well-developed project management knowledge base of CMCS International will help enhance India’s homegrown expertise in tool management and software programming, remarked Bassam Samman, CEO and founder of CMCS.

“Our new office in India asserts CMCS’s aggressive international expansion strategy. The openness of Indian companies to foreign collaborations and mergers combined with the size, dynamics and growth potential of the domestic project management market have been the bases for our move to the country,” he added.

The international operational fields of CMCS - consulting, training, professional services and project management office outsourcing - will represent the company’s key activities in India alongside talent scouting and international manpower placement, said Samman.

CMCS-India will target the main industry sectors of architecture/engineering/construction (AEC), manufacturing, oil and gas and media, all of which local partners have strong expertise in, he added.

According to him, the company is also planning a series of seminars and product shows between May and September in India.

An award-winning project portfolio management solutions provider for project-based businesses, CMCS is also a registered education provider for the Project Management Institute, the association for the Advancement of Cost Engineering, the Construction Specifications Institute, and the International Institute of Business Analysis.-TradeArabia News Service