www.skpcrossborder.com January 2005
Your eye to India-centric and International updates
India Inc - Investment briefs

Volkswagen to set up Rs 5,800 cr plant in Vizag

Volkswagen, the German automobile major, plans to set up shop in the port city of Visakhapatnam - in Andhra Pradesh in the near future.

The Rs 5,800 crore ($1 bln) manufacturing project will be a 51:49 joint venture between Volkswagen and an Indian partner, with an initial investment around Rs 1,500 crores. With a nominal stake in the Project the Andhra government has offered the Company several incentives such as, power supply at concessional rates for the first three years, a tax holiday, water supply at concessional rates and around 300 acres of land at no cost. No information is however available on the other Indian partner.

Volkswagen's India operations head, Helmuth Schuster confirmed the plans after a meeting with Andhra Chief Minister Y S Rajasekhara Reddy.

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Qualcomm to advance India’s CDMA technology with Reliance

World leader of code division multiple access (CDMA) digital wireless technology, Qualcomm Incorporated has listed India among the most emerging markets across the globe in view of its growth perspective.

Qualcomm lately acquired California-based Spike Technologies Inc, a chip design centre in Bangalore. Spike has a niche application and expertise to connect applications to the global network.

Kanwalinder Singh, president, Qualcomm India commenting on the company’s interest in India suggested that CDMA will play a dominant role in voice and data services because of its architecture compared with the GSM technology.

Qualcomm also announced the opening of a BREW developer lab in Mumbai, one of nine worldwide. An acronym for binary runtime environment for wireless, BREW is the platform that is taking on Sun Microsystems' Java in the mobile data applications segment.

The Mumbai lab will provide Indian application and mobile game developers access to the latest BREW-enabled handsets, software and testing tools well before their commercial launch. Besides, the lab will also provide developers access to hands-on technical support from Qualcomm.

With Reliance Infocomm and Tata Teleservices Ltd focusing on blanket CDMA coverage across the country, Qualcomm is keen on starting with rural applications, including specific segmentations such as e-governance, distance education, health and medical and insurance.

Commenting on Qualcomm's BREW developer lab in Mumbai, Mahesh Prasad, president of the applications and solutions group for Reliance Infocomm said that it only helped to further Reliance's efforts to nurture the developer community in India.

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In the News
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Interesting Reads
Asset Management Companies keen to outsource non-core activity
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Taxmen get more powers to crack the whip on defaulters with overseas assets
Banking on Singapore!!

Quick Links
Noida could be “it” for IT firms
More opportunities to strike Black Gold in India
Viewing India through the looking glass

India Inc
- Investment briefs
Volkswagen to set up Rs 5,800 cr plant in Vizag
Qualcomm to advance India’s CDMA technology with Reliance
Daihatsu gearing up for India entry
Geometric Soft to acquire OnCourse US subsidiaries
Eisai to set up pharma R&D, manufacturing base in India
Bosch relocates manufacture of key products in India
Sprint to expand India IP network
Deepak Fert to set up AN plant in W Australia

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