Integrated travel and expense management services provider Concur has established operations in India.

The move is designed to to expand the Redmond, Washington company’s customer base and seek growth in new geographic markets.

Concur said that besides assisting MNC clients in the region that already use its services, the company’s presence in India would better serve the local needs of the burgeoning Indian business travel market.

As the Indian economy is projected to become the world’s third largest in the near future, the country’s travel sector is expected to hit $20 billion by 2012.