Financial Daily from THE HINDU group of publications
Saturday, Feb 21, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Info-Tech - Off-shore Development


Silicomp to start development unit, shift jobs here

Our Bureau

Bangalore , Feb. 20

FRENCH IT solutions provider Silicomp is starting its offshore development operations in India and proposes to hire about 50 engineers for its Bangalore centre by the year-end.

The company also sees a major potential in the Indian market for its transport solutions, especially for the railways and road sector, said Mr Malcolm ONG, Managing Director, Silicomp Asia Pte Ltd.

"We intend investing $5 million over three years and plan to hire some 300 engineers by 2006-end," Mr Malcolm said. Silicomp India Pvt Ltd would be the subsidiary of Silicomp Asia Pte Ltd.

Silicomp plans to move some of its ongoing projects and a portion of its R&D work to the Bangalore development centre from France and Singapore. The company expects to develop some of its cutting edge solutions in the IT security, embedded software space from Bangalore, Mr Malcolm said.

"We are looking at outsourcing a transport project and also a chunk of a current engagement with MasterCard to the Bangalore centre," he said. Silicomp is helping MasterCard to migrate from the magnetic stripe card technology to smart card.

Apart from the cost factor, the availability of huge talent pool and expertise prompted the company to set up its India operations, said Mr Jean Michel Gliner, President and founder Groupe Silicomp. " India was absolutely necessary for us. We cannot be competitive globally if we use only the European or Singaporean staff," he added.

Silicomp, which has partnered with Motorola for providing software, sees a major market for its transport solutions in India and has started bidding for several of the projects in the country. "We are developing software for the radio despatch system for the Delhi Metro and the Mumbai Rail," said Ms Kiran Grover, Executive Director, Silicomp Asia. "We are also in talks with the Karnataka State Road Transport Corporation."

More Stories on : Off-shore Development | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
No stopping of outsourcing: Vinod Khosla


Strategic tie-up with Thomson arm, Atlinks — Bharti Teletech to make GE phones
Pitroda working on new profile for PCO booths
Distance is dead, when will time die?
Cognizant expanding in a big way — Development centre in China on cards
Silicomp to start development unit, shift jobs here
Infinite plans China foray
Quantech Global to invest $2 m in India centres
B2B prospects impress foreign delegates
enStage e-payment solution for banks
DIT initiatives to inspire confidence in network security
Police log in forensic tools
BSNL inks pact with Korean co
ITES jobs to grow 45 pc: Nasscom



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line