U.S. firm to invest $4 million in Kerala

Thursday, 23 October 2003, 07:00 Hrs
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DUBAI: U.S.-based Infovista Technology Solutions (ITS) will invest $4 million in a technology park in Kerala.

ITS, a 100 percent owned subsidiary of Infovista Technology - a leading software development and business process outsourcing (BPO) solutions provider - concluded the agreement at Gitex 2003, said K.G. Girish Babu, the Infopark CEO.

Gitex 2003 is the Middle East's leading IT show and was held from October 19-23.

California-based Infovista will invest in Infopark at Kakkanad near Kochi over a period of five years. Girish Babu said Infovista would start operations in Kochi on November 15 and later on move to Infopark.

Samir Rahman, president, Infovista Technology, said the company intended to make an initial investment of $200,000 for the next quarter of this year in the centre in Infopark.

Infovista's centre at Kochi will be able to serve businesses and offices in the U.S., Middle East and Australia.

Spread over 180 acres, Infopark will be fully operational by next May and five companies, including Vanilla Networks, Australia, and Blue River Technologies, U.S., will be setting up offices there.

The park has attracted interest from Indian expatriates in the United States and the Middle East.

Source: IANS
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