Vodafone to set up R&D centre in India

By SiliconIndia   |   Friday, 29 October 2010, 06:32 Hrs   |    6 Comments
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New Delhi: In an effort to leverage on software skills in the country, UK-based mobile operator Vodafone is planning to set up a global applications research and development centre in India, reports Thomas K Thomas from the Business Line.

"We are already in the process of setting up an application centre in India. India is such a big centre for IT, technology and application development so we will leverage this not only for our Indian operations, but also for the rest of the world going forward," the report quoted Marten Pieters, Managing Director, Vodafone Essar, as saying.

There are a lot of concerns among the investors as the rate of return on investment is slowing down, he said on the state of Indian telecom industry. "There is also a latent demand for data given that there is only one percent data penetration. So there is a huge opportunity to develop new revenue streams," Pieters said about the opportunities that are lying in the fast growing telecom market in India.

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