APC Plans to Set up Indian Subsidiary [more details]
NEW DELHI, INDIA, 1997 MAY 28 (Newsbytes) -- By C. T. Mahabharat.
American Power Conversion Corp. (APC) [NASDAQ:APCC], headquartered in
West Kingston, Rhode Island, USA, has received permission from India's
Foreign Investment Promotion Board (FIPB) to set up a wholly owned
subsidiary in India.
APC is a worldwide market leader in the design, manufacture and
marketing of power protection equipment, including surge suppressors,
un-interruptible power supplies (UPS), power conditioning equipment and
related software for computer and computer related equipment.
Based in Chennai (formerly Madras), APC's Indian subsidiary, to be
known as American Power Conversion (India) Pvt. Ltd., is designed to
enhance APC's regional customer service and other SAARC region
customers.
Over the course of the next five years, APC plans to establish a R&D
center and a manufacturing base in India, which is expected to employ
and train over 500 people.
According to Sriram Sivaram, director, APC India, "As a result of the
proliferation of personal computer networks, engineering workstations
and file servers in the corporate workplace, we have experienced an
increase in the need for reliable power protection."
APC will be investing US$1 million in spare parts and replacement
units as part of its Swap Service Policy for all its customers covered
by the comprehensive two-year warranty.
APC has been operating in India through its liaison office in Chennai
over a period of two years and has established itself as a major player
in the UPS industry in India. APC's product lines include the
PowerCell, Back-UPS, Smart-UPS, Matrix-UPS, Line-R power conditioners,
PowerChute software, and PowerNet SNMP adapters.
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(19970528/Reported by Newsbytes News Network newsbytes.com) |
