Giants Investing in India
from the Indian IT world
companies have recognized India's capability and potential
as an important hub for global e-business solutions and
as a source for innovative ideas.
wants to help build 100 dotcoms
the next three to four years, we want to help create up
to 100 dotcom companies in India, each with a market cap
of around $10 billion," said Lionel Lim, Sun's VP and
MD (Asia South). "That is, perhaps, the biggest investment
we can make in this country," he added.
he said, planned to push the Net economy in India much the
same way it had done in Singapore a few years ago. Primarily,
it would be through offering its technical expertise and
incubation funds. It has already started an incubation program
with ICICI. Besides, it is working with DoE (department
of electronics), LG (for developing appliances) and PricewaterhouseCoopers.
company has other plans for greater presence in India. It
has evolved a three-pronged strategy- -to increase the number
of people working at its engineering center in Bangalore
to 500 in 12 months from around 100 at present; to open
new offices; and to expand its Java pool program to help
engineers develop network-centric program and devices.
to invest $150 million in India
giant Cisco Systems Inc said on Thursday that it would invest
$150 million to expand its technology development center
in India over the next two years.
largest R&D center outside the US
will be Cisco's second-largest research and development
(R&D) facility globally and the largest outside the
Jayshree Ullal, Cisco's vice president and general manager,
Enterprise Line of Business, told a news conference in the
southern Indian city of Bangalore.
officials said the company had already invested $75 million
in India since January 1996. The current announcement relates
to fresh investments, they said.
said the R&D facility would be based in Bangalore and
increase its workforce to 1,500 tech professionals over
the next two years from the current 500.
business potential in the Asia-Pacific
center will play a strategic role in Cisco's ability to
rapidly develop technologies...and quickly deploy solutions
and products that customers are demanding," she said.
Cisco officials said the investment was part of the firm's
strategy to tap the rapid business growth in the Asia Pacific
will make India its IT hub for global operations
on the heels of making India its accounting headquarters,
the US-based auto giant Ford Motor Company (FMC) in now
working towards making India the IT hub for its global operations.
will set up a software development center in India by January
next year for its future e-business solutions," said
the company's director (IT) Asia Pacific and South Africa
development to commence end 2000
has decided to infuse $3 to $5 million over the next six-18
months into the IT venture, said Larson. This can go up
to $30-$50 million per annum. Software development and other
IT applications are likely to commence in the last quarter
of 2000. "We have already started getting the IT work
from other manufacturing bases to India", said Larson.
The company is in the process of finalizing the modalities
of the venture, which is likely to be floated as a separate
would play a major role in Ford's global strategies and
it would be the pilot for our new e-business solutions,"
said Larson, adding that the company had tested some new
IT solutions in the country before their global launch.
is also planning to set up an India chapter of its Web initiative,
has been floated as a joint initiative between Ford, General
Motors and Daimler-Chrysler for common purchases on the
Net. Since all the three partners already have manufacturing
bases in India, we are looking at setting up an exclusive
exchange for us. At a later stage, we will also look at
including other automobile manufacturers into the system,"
three partners are merging their respective current exchanges
under Covisint. The exchange will help in online purchasing,
price comparison and configuration.
processing and call centers
said Ford was also planning to set up call centers in the
country to do back-office processing work on the lines of
General Electric (GE).
company is opening an office in India to explore possibilities
of establishing call centers in the near future," he
Invests in Indian Brainpower
has drawn up huge plans for India. On the drawing board
are plans to set up an off-site consulting center for providing
a virtual consulting resource for Oracle worldwide. Oracle
has also started an initiative in India to focus on incubation
for evaluating start-ups
to Gary Bloom, Oracle's executive vice-president who also
looks after the company's venture capital operations, India
has a lot of small technology companies that have good ideas.
He says, "There is a lot of incubation happening in
India and we want to focus on that. The board has authorized
us $500 million for global investments and we haven't allocated
any sum to any location. If we find $200 million of great
investments in India, we'll invest $200 million. But there
are no allocations by geographical regions."
consulting center at Hyderabad
Consulting has plans to set up an extension of its e-business
studio at Hyderabad, which will provide virtual consulting
capability and knowledge to all Oracle clients worldwide.
"At this point of time, we might start off with just
100 people. But, over time, I see that growing to over 1,000
people," said Oracle executive vice-president Edward
Sanderson. Oracle already has global software development
centers in Bangalore and Hyderabad. (The Economic Times,
5th October, 2000)
Opens Indian R&D Center: the 2nd largest in the GE family
U.S. multinational General Electric (GE), is investing approximately
$130 million (over a three year period) in the multi-disciplinary
John F. Welch Technology Center in Bangalore, the largest
R&D center of its kind in the GE family outside of the
Center, which was built in a record 10 months, was inaugurated
by John F. Welch Jr., chairman and chief executive officer,
GE. It incorporates the latest technology and e-engineering
tools that facilitate real-time global interaction with
GE's customers, suppliers, businesses and technology centers,
including its U.S. lab in Schenectady, New York.
pool of scientists and engineers
Technology Center will eventually employ 2,200 scientists
and engineers who will work in the areas of advanced chemistry,
polymer science and new synthetic materials, chemical engineering,
advanced Six Sigma and process modelling/simulation, mechanical
engineering, electronic and electrical system technology,
ceramics and metallurgy, information technology and e-business.
e-knowledge center, which is fully integrated with the facility,
will access and disseminate knowledge globally to accelerate
competitive technology developments for the benefit of GE's
September 18, 2000: India News Arssschives