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Our Bureau

New Delhi , July 18

Cambridge University Press (CUP) has entered India through the acquisition of 51 per cent stake in Foundation Books Pvt Ltd together with its divisions Foundation Media and Foundation e-Learning for about $6 million.

The new entity will be called Cambridge University Press India Pvt Ltd. "India will become a base for publishing quality educational materials for us for many of our Asian and other markets. We plan to take the number of offices to 12 from the existing six in about five years. We also plan to increase the headcount to 200 from the current 80 in about the same time," said Mr Stephen Bourne, President, CUP. It publishes around 2,500 new titles and 200 journals every year. "A lot of the 2,500 titles will come from India," said Mr Manas Saikia, Managing Director, Cambridge University Press India Pvt Ltd.

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