Business Standard: Reuters plans to invest close to $4 million (nearly Rs 18 crore) on a five-year growth plan in India to enhance its product offerings into a market set to more than double over the next three years.
“There is a growing appetite, not only within India but also around the globe, for instant, in-depth information on India. We also intend to introduce next generation products which we believe will meet the discerning demands of domestic consumers seeking sophisticated information at an affordable price,” said Venkat Ramani, South Asia, managing director, Reuters.
An exclusive survey carried out by Reuters revealed that as India’s markets become more sophisticated and international, spending on financial applications will increase by about 35 per cent annually over the next three years to around $266 million. The company is also looking at taking on about 20 journalists in Mumbai, along with a handful of journalists in New Delhi for the coverage on the finance ministry, Prime Minister’s Ofiice and policy issues.
Related:
Reuters Invests in Indian News Channel
Reuters To Outsource Corporate Research To India
Reuters Looking For People In Bangalore To Cover US Companies
Government Rejects Reuters’ Proposal To Distribute Content On Its Own
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