ST Team
Tuesday, January 31, 2006
Conexant invests $250 M in India
Newport Beach, California, U.S. based IT company Conexant Systems Inc, a maker of chips for broadband devices will invest $250 million in India over the next five years for expansion to make its India center as its design base.

The phased investments will cover payroll, capital equipment, and research and development facilities. Dwight Decker, Conexant chairman said. “Our product development operations in India are a focal point to leverage lower-cost offshore resources. This strategic move will enhance productivity and help to develop an ongoing source of competitive advantage.”

In India, Conexant has R&D centers in Hyderabad, Pune, Bangalore and Noida and in less than two years, the company has grown to about 775 people, and will hike its employee strength to 1,200 people by the end of 2006 and to 2,000 in next couple of years.

Robert Bosch to set up new facility in India
Privately owned German industrial group Robert Bosch has announced plans to build a second center in India.

Walter Grote, managing director of Robert Bosch India, said the second center would be similar to its present facility in Bangalore in which it had invested $10 million. The Bangalore center is their largest development center outside Germany.

The company, which develops embedded software for cars and commercial vehicles, will also double its staff in India to 6000 by 2010.

Robert Bosch, the world's biggest autoparts maker also operates in India through its subsidiaries Motor Industries Co. Ltd. and Bosch Rexroth India Ltd.

Verismo Networks enters Bangalore
Santa Clara, California, U.S. based IT start-up Verismo Networks has set up a product development and customer support center in Bangalore. Verismo Networks is a developer of software platforms that power next generation content delivery services and consumer devices.

With a 100 strong engineers experienced in broadband, multimedia compression and storage technologies, Verismo plans to design and develop most of its products in Bangalore.

Additionally Silicon Valley based investor and techprenuer Prakash Bhalerao has joined the company as chairman and CEO. He has invested $2.5 million in the company.
Bhalerao said, “Our Vision is to provide software platform that will enable end-to-end delivery of content over the Internet and drive intelligent consumer devices from Network Television to Set-Top boxes. We are looking at content delivery ecosystem that will be powered by broadband and interfaced with Verismo products to provide seamless interconnectivity across devices and services.”

Verismo, previously known as Teneoris Networks was founded by Satish Mugulavalli in 2003.

Honeywell hosts technology day forum
New Jersey, U.S. based aerospace to technology major Honeywell held its first technology forum on December 20, 2005 at Bangalore. The event had a demonstration of company's top technology and speakers asked thought-provoking questions like can technology prevent airplanes from flying into buildings? How can a thin sheet of fiber stop a speeding bullet? You must have heard of offices without wires, but have you ever heard of wireless factories? How can technology help people save time at petrol pumps and increase their car’s performance?

“Honeywell Technology Day showcases our innovative technologies that make the world safer, more comfortable, secure and productive”, said Ash Gupta,country manager & managing director, Honeywell India.

With offices in Pune, Bangalore, Chennai and Gurgaon, Honeywell has been present in India for many decades. Employing about 6500 people, their total business in India is about $300 million.

Uncle Sam attracts Indian students most
India continues to lead the list of source countries for international students in the U.S. India has registered a 1 percent increase over 2003-04 accounting for 80,466 students. India increased its student enrollment in U.S. universities according to Open Doors 2005, the annual report on international academic mobility by the Institute of International Education.

About 72 percent of the 80,000 Indian students are at the graduate level, while 20 percent are at the undergraduate level and the rest 7.5 percent are pursuing other non-degree programs.

The report noted that while India remains the largest sending country for the fourth consecutive year registering a modest one percent increase over the previous year’s enrollments, the rate of growth of students from India is considerably slower than the double-digit increases experienced over the past three years; 12 percent in 2003-04, 23 percent in 2002-03, and 29 percent in 2001-02.

There was no immediate explanation for this slower growth rate. However, the report said that slight overall decline in international students enrolled in U.S. colleges and universities has been because of several factors, including real and perceived difficulties in obtaining student visas especially in scientific and technical fields, rising U.S. tuition costs and vigorous recruitment activities by other English-speaking nations.
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