Intel plans greater investments in India
By K.C. Krishnadas
EE Times
(08/29/02 11:58 a.m. EST)
BANGALORE, India — Intel Corp. said Thursday (Aug. 29)
that it plans to invest about $ 130 million in India, according
to reports quoting Pramod Mahajan, India's minister for
information technology. Mahajan reportedly said Intel would
begin a new wave of Indian recruitment, increasing staff
from 900 today to 3,000 workers within five years.
The minister made the comments after a meeting with Intel
chief executive officer Craig Barrett in New Delhi on
Thursday. Barrett is currently on a two-day trip to India as
part of an Asian tour. Intel is also forming a design team
here focusing on the design and development of Intel's
32-bit microprocessor architecture.
There was no word from Intel itself on the planned new
investments and hiring, which were expected to be
announced here on Friday when Barrett opens a new office
block in Bangalore. Intel already has a major software
development center in Bangalore.
Intel's investment arm, Intel Capital, has also made several
investments in Indian companies, including Sasken
Communication and others.
Addressing government and business leaders in New Delhi,
Barrett said India needs to build on its software development
expertise and become a "total IT nation" by creating,
manufacturing and deploying information technologies. "We
urge India to extend its software leadership into new areas
of innovation, including circuit design, hardware creation,
high-tech manufacturing and the delivery of information
technology services. Adopting a strategy of balanced
technology innovation is key to India's long-term economic
growth," Barrett said.
By following an aggressive IT strategy, India can become a
leader in expanding a digitally-driven economy throughout
Asia, Barrett said. The country also must build a strong
computing and communications infrastructure, develop new
e-business processes that enable companies to expand their
businesses and invest in a strong educational foundation to
create a skilled work force prepared to compete in a global
digital economy.
Barrett warned that India needs to act faster to foster
balanced technology innovation and build upon its
advantages of software development skills and its large pool
of IT workers.
Problems such as inadequate infrastructure, high tariffs and
taxes on IT products, a climate that discourages
investment, as well as low PC and Internet penetration,
could all slow India's advance into a global market, Barrett
said.
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Intel plans greater investments in India
By K.C. Krishnadas
EE Times
(08/29/02 11:58 a.m. EST)
BANGALORE, India — Intel Corp. said Thursday (Aug. 29)
that it plans to invest about $ 130 million in India, according
to reports quoting Pramod Mahajan, India's minister for
information technology. Mahajan reportedly said Intel would
begin a new wave of Indian recruitment, increasing staff
from 900 today to 3,000 workers within five years.
The minister made the comments after a meeting with Intel
chief executive officer Craig Barrett in New Delhi on
Thursday. Barrett is currently on a two-day trip to India as
part of an Asian tour. Intel is also forming a design team
here focusing on the design and development of Intel's
32-bit microprocessor architecture.
There was no word from Intel itself on the planned new
investments and hiring, which were expected to be
announced here on Friday when Barrett opens a new office
block in Bangalore. Intel already has a major software
development center in Bangalore.
Intel's investment arm, Intel Capital, has also made several
investments in Indian companies, including Sasken
Communication and others.
Addressing government and business leaders in New Delhi,
Barrett said India needs to build on its software development
expertise and become a "total IT nation" by creating,
manufacturing and deploying information technologies. "We
urge India to extend its software leadership into new areas
of innovation, including circuit design, hardware creation,
high-tech manufacturing and the delivery of information
technology services. Adopting a strategy of balanced
technology innovation is key to India's long-term economic
growth," Barrett said.
By following an aggressive IT strategy, India can become a
leader in expanding a digitally-driven economy throughout
Asia, Barrett said. The country also must build a strong
computing and communications infrastructure, develop new
e-business processes that enable companies to expand their
businesses and invest in a strong educational foundation to
create a skilled work force prepared to compete in a global
digital economy.
Barrett warned that India needs to act faster to foster
balanced technology innovation and build upon its
advantages of software development skills and its large pool
of IT workers.
Problems such as inadequate infrastructure, high tariffs and
taxes on IT products, a climate that discourages
investment, as well as low PC and Internet penetration,
could all slow India's advance into a global market, Barrett
said.
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