DANISH CO, IFU TO SET UP Rs25-M JV IN INDIA
Article Abstract:
LIC Energy group of Denmark has decided to promote LIC Energy Software India Pvt Ltd at Hyderabad in association with the Industrialisation Fund for Developing Countries (IFU), a Danish government agency. The venture will offer solutions for the management of pipeline systems using simulation systems. The company will have an initial equity of Rs25 million with LIC investing 60 percent and the rest by IFU. IFU will divest its stake after the company has consolidated its business. (khr)
Comment:
Decides to promote LIC Energy Software India at Hyderabad, India, in assn w/ Industrialization Fund for Developing Countries
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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THAKRAL GROUP SETS UP RAFFLES IN INDIA
Article Abstract:
The $2.5 billion Thakral Group of Singapore has opened its wholly-owned software development subsidiary, Raffles Software (RS), in Bangalore with an investment of Rs15 crore. RS will operate in main frame, multimedia and Internet, client/server application and Year 2000 solutions and interactive compact disc titles. The marketing operations of RS in India will be directed from Bangalore. RS is targeting a revenue of Rs15 crore in 1998-99. (gsh)
Comment:
Opens wholly-owned software development subsidiary Raffles Software in Bangalore with an investment of Rs15 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ROOT CONSULTING SETS UP INDIAN ARM IN CHENNAI
Article Abstract:
Root Consulting Inc (RCI) of New Jersey, a partner of PeopleSoft, has floated Root Software Solutions Private Ltd (RSSPL). RSSPL which is based in Chennai will be taking up offshore software development projects and will offer local consultants a chance to implement PeopleSoft in different Indian companies. RSSPL will work as a centre of excellence for PeopleSoft and a recruitment centre for RCI. (ag)
Comment:
Forms Root Software Solutions to take up software development projects in India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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