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News >> Technology >>
Dell setting up second subsidiary in India
By siliconindia staff writer
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Tuesday, 30 December 2003, 20:30 IST
NEW DELHI: Dell International, which was recently embroiled in a controversy when it decided to shift some of its overseas business customer service back to the US , is planning to set up a second subsidiary in India, reports an Indian daily.
Dell's second Indian venture would be for undertaking specialised services of high technology computer systems, storage devices, computer consultancy and solutions.
Significantly, Dell plans to shift all the domestic sales and marketing activities of its existing subsidiary to the new venture. It is, however, not clear what the MNC's existing subsidiary will do once these functions are transferred to the second venture. (Does this reaffirm Dells commitment to India?)
Though the details of the MNC's investment plans for its second venture in India are not readily available, sources said the second subsidiary will be set with minimum capital, which would be increased depending on the business requirements from time to time.
Sources said Dell has already obtained a no-objection certificate from the existing subsidiary in India for setting up a second venture. The MNC has also got government clearance for its second venture, with some riders attached.
(Source: ET)