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NEC to expand IT business in India

Posted: 21 Mar 2006     Print Version  Bookmark and Share

Keywords:NEC Corp.  IT/Network business 

NEC Corp. (NEC) has announced that it will establish a company, NEC India Pvt. Ltd (tentative name), in April 2006 in New Delhi, India, to expand its IT/Network business in the rapidly expanding Indian IT market. The new company will provide solutions for construction of communication infrastructure and corporate IT/Network infrastructure accompanying a rapid increase in IT-related public investment and increased communication demand in India.

The Indian economy has shown a boom in the recent years due to the advancement of industrialization and the development of incentive measures for foreign funding by the government.

NEC India Pvt. Ltd is scheduled to start operation in April, 2006. On establishment, the company will employ 50 people and there are plans to increase this number to approximately 300 employees over a period of three years. This company will be formed with a capital of $1 million, with NEC Solutions Asia Pacific Pte. Ltd owning a 60-per cent share and NEC 40 per cent. It will provide IT/network solutions such as information systems, internet protocol (IP) systems, security systems, radio frequency identification (RFID) systems and wireless systems. In addition, it will sell mass-market IT products such as servers, PCs and projectors.

"Our new company in India will provide solutions that meet local needs, responding to the rapidly growing IT/Network demand that is forecast in the booming Indian market," said Norihiko Kunishima, senior vice president at NEC. "We also plan to capitalize on high-quality local software resources to develop our own proprietary products and expand local sales, contributing to the expansion and growth of India."

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