Alcatel To Invest $600 Million In India

Rediff.com: French telecom giant Alcatel will invest up to Euro 500 million ($600 million) in India over the next four years and take headcount at its research and development facilities here to 2,000.
“Alcatel will invest Euro 400 to 500 million in India in next three to four years,” Communications and IT Minister Dayanidhi Maran told reporters after the inauguration of GSM mobile phone equipment manufacturing facility at Mankapur unit of ITI Ltd in Gonda district of the state. The investments by Alcatel in India will be in manufacturing, research and development and allied activities.
Alcatel currently has 750 engineers in India working on new technologies. “By end of this year or early next year we will have 2,000 people in India engaged in development efforts,” Alcatel’s chairman and chief executive officer Serge Tchuruk said after the inauguration of the manufacturing facility.

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