Financial Daily from THE HINDU group of publications
Thursday, Aug 29, 2002
Financial Daily from THE HINDU group of publications Thursday, Aug 29, 2002 |
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Info-Tech
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Hardware Corporate - New Projects Tyco Electronics to set up assembly unit for switches Vishwanath Kulkarni
BANGALORE, Aug. 28 TYCO Electronics Corporation India Pvt Ltd's networking division is planning to set up a assembly unit for switches at its optical fibre facility in Bangalore. The company would primarily focus on assembling the 8,16 and 24 port switches and plans to cater to both domestic and export requirement, said Mr K.K. Shetty, Country Manager, Netconnect Solutions Division, Tyco India. The company, which focuses on the middle and lower end segments of the Rs 200-crore switching market in India, expects to garner a 15 per cent market share over the next two years, he said. "This diversification into switches is expected to help the company to consolidate its position in the Indian networking and switching market," he said. The assembly unit would have complete testing facility while value addition would be carried out in several cases. "We are also planning to indigenise several parts," he said. Tyco plans to manufacture about 2,500 switches initially, while the capacity would be ramped up later. The first product rollout would happen by October 15. "We would be exploring the opportunities to export switches to Europe, US and the Asia Pacific market," he said. "Local manufacturing should help us play a major role in the cost sensitive market and should result in savings of up to 20-24 per cent," he said. Currently, the company imports switches from Pinnacle, Tyco's subsidiary in the UK. The company also plans to leverage its vast systems integrator, reseller and dealer network to develop its switching business, he said. Netconnect Solutions division main business of structured cabling (Local Area Network) is focussed on four industry verticals - software, banking and finance, manufacturing and Government. Netconnect Solutions, which registered a growth of nearly 12 per cent, expects to maintain it in the current year, despite the downturn in the software sector. The emergence of call centres has compensated the dip in the software sector, he said.
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