Computer Associates has received permission to set up a wholly owned subsidiary in India (see Newswire 8 December).
The unit was incorporated on 16 January and expands on the software giant's existing sales offices in Delhi and Mumbai.
According to Ian Hughes, CA's general manager for India, the company now plans to invest over $100 million in India over a five-year period. This will be evenly spread in three main areas of operation - setting up a sales, support and marketing centre; opening a software plant in Calcutta; and forming a 'software incubator' programme to support new software companies coming up in India and the south Asian region.
Through this scheme, which will be launched in February, CA plans to help several Indian software companies to market their products in 43 countries where CA has its base. CA will provide venture capital and technical support to the new companies, it will also help market the products.
CA has already tied up with The Chatterjee Group (TCG)in Calcutta, to set up a software park in the city. This park will house over 300 software professionals in the country. CA plans to house its research centre in the park, apart from selling some space to other software companies.
Hughes said that while TCG is taking care of the construction and co-ordinating with the union and state governments to setup the park, CA will provide the information technology and software.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago