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UTStarcom to invest $25 M in India Center
By siliconindia
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Wednesday, 23 July 2003, 19:30 IST
BANGALORE: UTStarcom, Inc., a provider of wireless and wireline access and IP switching solutions, today announced plans to invest $25 million in its development center at Bangalore in India. The Alameda, CA-based company also plans to double its employee strength in Bangalore center to 150 engineers over the next two months.
"India is a strategic market for UTStarcom," said Ruchir Godura, country manager & director of south Asia operations. "The expansion of the Bangalore Development Center raises our aggregate investments in R&D in India to $50 million, with two full-fledged global R&D centers focusing on cutting-edge development work."
The Bangalore Development Center will undertake research and design to support UTStarcom's wireless solutions. With the expansion of the facility, approximately 50 percent of global development work relating to UTStarcom's product lines will be handled in India.
The Bangalore Development Center, which was established by Mascon Global in 2001, came into the UTStarcom Corporation with the May 2003 acquisition of CommWorks, the carrier division of 3Com. This is the second R&D center UTStarcom has in India since the construction of its facility in Gurgaon in 2002.
In 2002, UTStarcom announced an investment of U.S. $25 million in its global R&D facility at Gurgaon.
"The Bangalore R&D Center will provide a great opportunity for Indian software professionals to work on challenging R&D projects to support next- generation telecommunication solutions," said Chandru Bolaki, director of the Bangalore Development Center.