Financial Daily from THE HINDU group of publications
Thursday, May 05, 2005
Financial Daily from THE HINDU group of publications Thursday, May 05, 2005 |
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Info-Tech
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Performance NeST turnover rises 60 pc Our Bureau
Kochi , May 4 NEST group has posted a turnover of Rs 450 crore in 2004-05 against Rs 250 crore in the previous year, an increase of 60 per cent. The group located in the Cochin Special Economic Zone has also created additional employment for over 1,000 people last fiscal, according to Mr N. Jehangir, Managing Director. He said that favourable economic conditions in the US, Europe and Japan, and aggressive business development efforts by the group had resulted in achieving the record growth. The company's major growth areas were electronic manufacturing, fibre optic products and RF products for health care applications, computers, networking, avionics solutions and software services, Mr Jehangir said. The NeST group had introduced its own proprietary and patented products, developed at its R&D centre here for fibre optic networks and CATV Broadband applications, he said.
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