INTEL 'Ind-side'- Intel to invest in Indian software companies.
Hello Satish:
Thanks for that link to the British Library.
Here is a bit of interesting news from The Economic Times.
==================================================
Intel venture capital fund to invest in Indian software cos
Our Chennai Bureau
--------------------------------------------------------------------------------
3 DECEMBER
A VENTURE capital fund belonging to the multinational IT company Intel is likely to invest in at least six Indian infotech companies.
"We will be disappointed if we do not invest in several Indian companies in the first half of the next calandar year,'' said John Davies, vice president and general manager, Asia Pacific, Intel.
The venture capital, which is mainly focusing on three countries in Asia including India, is in an advanced stage of negotiation with the six identified companies, according to Atul Vijaykar, director, south Asia, Intel.
He, however, did not divulge the size of the corpus allocated by the venture capital to invest in Indian software companies.
Last year, Intel's venture capital fund invested around $300 million in knowledge-based companies. In India, it invested in Rediff on the Net.
Intel's strategy is not to take over software companies. Its aim is instead to help the industry grow through investments, according to Mr Davies.
"Intel hopes to have one-third of its total investments portfolio in Asia as early as possible,'' he said.
Meanwhile, Intel is also planning to commence its e-commerce operations in India by early 1999. It is now working on various regulatory issues to run e-commerce in the country.
The company, which launched its e-commerce website in July last, is doing business worth $1billion per month. It has 200 customers in 30 countries online.
|
