'India's manpower strategic to our goals'

By siliconindia staff writer   |   Friday, 21 November 2003, 08:00 Hrs
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NEW DELHI: "We are not here for cheap labor," quipped Mentor Graphics president, Gregory K Hinckley, on Friday. Announcing the new Hyderabad office, expansion of its R&D center in Noida, intake of 100 more people in India, an investment of $ 50 million and setting up of the customer support center, Hinckley emphasized that India would be one of the most important subsidiaries for its growth.

"India’s great manpower is strategic to our corporate goals. Indian R&D centers are showing great work and that is what we need," He added. The company has proposed to invest $ 50 million in its Indian development centers at Hyderabad and Noida in the next four years. Mentor has invested $10 million in India so far at both the centers.

Part of the investment would go towards setting up new facilities in Hyderabad as well as in Noida and a customer support center at Hyderabad. The support center will commence operations by the first quarter of next year. "We propose to set up another facility at Noida during mid-2004 to increase our manpower," said Mentor’s VP and CIO, Richard J Decker, while talking about the support centers, which will handle all the products that are being handled by the Indian development centers.

Working on a markup model, Indian centers develop products for the international market and handle five out of the eight product divisions. "Indian handles approximately 20 percent of our revenue generating products," Hinckley said. There are 28 engineering site in world, out of which India has two.

About the road map for Indian center, Hinckley said that the rate of head count growth reflects the Indian growth. However, on the worldwide front Mentor’s growth has remained flat. In India, it has grown from initial headcount of less than 50 to present 250 and plans to recruit 100 more in the coming year.

On the Indian EDA market, Hinckley felt that the Indian market has higher rate of growth than the rest of the world and feels that local market can be profitable for them. However, he declined to comment on marketing plans in India.

Mentor Graphics will be investing $ 140 million in R&D internationally this year and has 1,250 people working on development.


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