PROPELLED BY THE INFOTECH ENGINE
Article Abstract:
Bangalore, the `Silicon Valley' of India, has been a part of IT evolution in the country. Karnataka Government came out with an IT policy in 1997, which recommended the networking of all the Government establishments and computerising the State Government's functions. It also provided assistance and concessions to IT industry in the form of equity for small and medium units, low interest loans and many such incentives. The major hardware companies like Compaq, IBM, Helwett Packard and Motorola have opened their offices in Bangalore. The Centre for Electronic Design and Technology Development and the Centre for Electronic Test Engineering have been set up for workforce training. Around 230 software units and 90 software multinationals like Novell, Verifone, Philips, Oracle, Satyam Computers, Tata Consultancy Services (TCS) and HCL have shops in Bangalore. Bangalore alone contributes around 30 percent to the software exports from India. An International Technology Park has been jointly developed by Karnataka Government, Tatas and a Singapore based firm. Electronic City has been extended to Phase II. An Export Promotion Industrial Park is coming up near Whitefield, which will be housing computer and telecom hardware industry. Also, India's first Institute of Information Technology will start functioning by January 1999 at Bangalore. Around 23 new software units have come up during the first quarter of 1998-99. For the same period, the foreign equity investments have been approved from Gizmo Technologies, GE- Capital International and Hughes Software Systems. Other companies like Sun Microsystems, Cisco Systems are on their way to start operations in Bangalore. (um)
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1998
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A DINOSAUR GETS READY TO DANCE
Article Abstract:
The Rs100 crore HMV music brand, owned by Gramophone Co of India of the RPG group, is putting in all efforts to increase its market share from the present 20 percent. It is radically revamping its activities, scrutinising its existing projects and dumping some. The company has made four divisions - new Hindi movies, old Hindi films, Indian pop and international pop music. It has the biggest library of around 7,500 Hindi film songs, of which it has audio rights for 5,500. HMV has created a catalogue listing the songs in the categories of solos, film combinations, artist compilations and themes. In 1997-98, old Hindi films accounted for Rs14.5 crore of the total turnover of HMV. In international music, HMV is looking around for new partners after it broke up with EMI, which held 10 percent stake in the company. The potential partners for HMV are Jive, To Co, Pinnacle Records and Telstar. In regional music, HMV recently acquired Sangeetha, a southern brand, from Madras Recording Co. This brand has around 1,000, vocal and instrumental, Carnatic and devotional titles. In Compact Discs, HMV has around 200 titles at present. (gsh)
Comment:
Puts in all efforts to increase market share of Rs100 crore HMV music brand from the present 20%
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1998
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