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Global Technology companies see India as a promising market

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Global Technology companies see India as a promising market

IBEF:  June, 2013

New Delhi: Global technology companies are quite optimistic on the Indian market and are waiting for approvals to set up their businesses in India. "We are entering Asia for the first time and plan to launch a satellite later this year, especially aiming to serve the Indian market," said Mr Eyal Copitt, Senior Vice President of sales in Africa, Asia & Marketing at Spacecom.

Each satellite would require a massive investment of US$ 500 million, according to communication satellite companies. Hughes is planning to launch its India-dedicated communication satellite from within the country, saving millions of dollars on investments and leasing of network links from satellite operators by international companies, said Mr Pranav Roach, President, Hughes Network Systems India.

North Carolina-based Commscope Inc is planning to step-up production at its facility in Goa which manufactures high-end communication products for both India and global markets, said Mr Navin Vohra, Vice President of the wireless product sales in Asia and India.