Philips Software, the Bangalore-based Indian subsidiary of the Dutch company, will set up its second software centre in the subcontinent alongside its existing facility.
The company is to invest about $2.8 million in the second unit, whose main focus will be on digital technology for set-top boxes and games PCs, according to Rajeev Varshneya, CEO of the company. This technology will be supplied to Philips' business electronics division.
The company will go ahead with its $3 million external commercial borrowing plan for expansion as soon as it gets approval from the government. The company's board has already given the green light for the plan.p> Varshneys said: "We thought we would take time to consolidate our operations that started an year and a half ago. Now, we need to expand to cater to the demands of other divisions that we currently do not serve."
As well as business electronics, these include domestic appliances and components. "Of these the first will get top priority," he added.
With such demands, Philips plans to have another centre within six months. The new development centre has already started work on software for set-top boxes and for high definition TV (HDTV).
The current development centre is Philips' only such facility worldwide. According to Philips' Indian president and chief executive officer, K. Ehrnreich, "the PCS is unique in the sense that it is an extended arm of the Phillips R&D efforts of the various product divisions."
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