www.skpcrossborder.com December 2004
Your eye to India-centric and International updates
India Inc - Investment briefs

Nortel to set up two more offices

Nortel Networks has decided to set up two project offices in Chennai and Kolkata in addition to the existing ones in Mumbai, Bangalore and Delhi.

The GSM networking project of Eastern Railway and the advanced purchasing order for expanding the GSM network of Bharat Sanchar Nigam Ltd's southern and eastern regional operations are some of the reasons for the expansion plans.

John J. Giamatteo, Nortel's president for Asia Pacific region is of the opinion that Nortel’s strong presence in India is largely due to its end-to-end offerings. While the Company started business in India with communication infrastructure offerings for enterprises, it later diversified its core offerings for telecom carrier segment, contact centres and VoIP enabled networks. Besides Nortel has R&D collaboration with software companies like Infosys, Wipro and TCS. It is also keen on managing telecom networks on behalf of carriers.

UK-based C&W to invest $5 m to strengthen presence in India

The UK-based Cable & Wireless Plc (C&W) has decided to strengthen its presence in the country with an additional investment of $5 mln in the next one year.

The GBP 3.8 bln Company will invest $5 mln over the next 12 months to increase the number of PoPs (points of presence) and strengthen the network operation centres (NOCs)."

"We are bullish over the growth prospects in India and hope to achieve 100% growth during the fiscal," said Mr Anirudh Prabhakaran, Director Sales and Marketing, C&W India.

The C&W will be introducing more high-end network services while expanding the MPLs (managed private lines) to other cities. With the sufficient current switch strength of 45 MBz, the company is likely to set up another switch to meet the growing demand from customers for point-to-point inter connectivity.

Mr. Prabhakaran claims that the there is going to be a great demand for managed data services and International Private Leased Circuit (IPLC), which comes as a single-point service with a cost advantage of around 30%.

The overwhelming response to all its three services, is also likely to result in an increase in its manpower strength to 360 in the next 12 months.

Earlier, the company launched its managed data services in Hyderabad by setting up a dedicated network node with an investment of Rs 1 crore in association with Reliance Infocomm. The dedicated node has been integrated with C&W's global network.

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British bank hikes India outsourcing to 2,500 jobs

British bank Lloyds TSB Group, raised its target to 2,500 jobs by end-2005, highlighting the continuing trend for outsourcing labour.

Lloyds who employ 77,000 people in the UK, stated that while some of the jobs would be newly created IT posts, others would replace existing back-office positions in Britain.

The fifth largest Bank in the UK, it has declared that any employee affected by the outsourcing would be guaranteed a job elsewhere in the group.

With thousands of British jobs moving to low-cost offshore centres to cut costs, especially among financial services groups that have large back-office administrative jobs, the Confederation of British Industry, showed that Britain has been able to replace those jobs and add even more, abating any employment issues raised.

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Quick Links
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India Inc
- Investment briefs
RFID player - OAT Systems now in Bangalore
Mimosa launches operations in Pune
SKF automobile R&D center set up in Bangalore
Nortel to set up two more offices
UK-based C&W to invest $5 m to strengthen presence in India
British bank hikes India outsourcing to 2,500 jobs
Microsoft's Hyderabad campus to house 3200 pros
Rs 14,000 cr Fab unit in Hyderabad
Quantum, Wipro partner for Engg. & design

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