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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5325)	7/28/1999 9:37:00 AM
From: Mohan Marette	of 12475

Nortel to invest $50 m in India Our Bangalore Bureau 27 JULY THE $17.6-billion, Toronto-based Nortel Networks, said here on Tuesday that it plans to step up its focus in the Indian market, through a combination of increased visibility, expansion of channels and manpower. Nortel is investing around $50 million, towards development and marketing activities and sales infrastructure. It will add on new partners to target the government, public sector units and enterprise segments. Mr Reg Bird, president, Nortel Networks - Asia South Pacific operations, told reporters that, “This is a very opportune time for Nortel Networks to increase its commitment to India. The second wave of data and telecom infrastructure projects in the country is just taking off and we will be ideally placed to emerge as the leader in India.” ........ economictimes.com

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