point
Menu
Browse by year:
The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

Tech Buzz

ST Team
Thursday, June 1, 2006
ST Team
SumTotal opens new facility in India

One of the world’s largest providers of talent, learning and business performance technology SumTotal Systems has opened a new facility in Hyderabad. The new center will handle R&D, sales, professional support technology service and international delivery for the Mountain View, California based company.
SumTotal Systems India Managing Director, Sudheer Koneru said, “The $2 million investment in this development center will give our operations the room to grow with what we believe is an increasing need for our enterprise-class product. India plays a pivotal role for SumTotal’s international growth.” The center will employ over 300 engineers.

Indian IT sector attracts $8.6 billion investment

It couldn’t get better than this. Global corporations have pledged investments of $8.6 billion in the Indian telecom and Information Technology sector in 2005-06. The major investment came from a consortium of people of Indian origin who have proposed an investment of $3 billion for silicon chip manufacturing facility near Hyderabad called SemIndia.
The second largest chunk of investment has been announced by largest software maker Microsoft, which has announced investment of $1.7 billion in the country on R&D, education, productivity and governance. Where as Intel has proposed to invest $3.1 billion in R&D, marketing, education and setting up a venture fund.
Networking major Cisco has announced an investment of 1.1 billion, while EMC and telecom giant Ericsson have committed $250 million each. While Nokia and Samsung have invested $200 million in the country on mobile handsets manufacturing facility. Nokia is manufacturing handsets in Chennai and Samsung in Gurgaon. Tessolve Services too will spend $200 million in India on an Assembly Test Mark Pact facility in the Fab City that will come in Hyderabad.

Share on Twitter
Share on LinkedIn
Share on facebook