Fergie's Tech Blog

All Eyes On... India (Again)

India is getting a lot of attention this week, from both Intel and Microsoft.

First, this story: Intel to Invest $1 Billion in India

An AP newswire article, via The Washington Post, reports that:

Chip-maker Intel Corp. will invest more than $1 billion in the next five years to expand its operations in India and in local technology companies, Intel Chairman Craig Barrett said Monday.

The investment by the world's largest computer-chip maker will include a $250 million venture-capital fund which Intel has created for investing in Indian companies that can benefit from the rapid growth in the domestic information-technology market in the South Asian nation, Barrett said in a statement.

The second story: Microsoft's Bill Gates to Visit India

An AP newswire article by S. Srinivasan, via The Washington Post, reports that:

When Microsoft Corp. chairman Bill Gates begins a four-day visit to India on Tuesday, he'll see a country moving increasingly toward open source operating systems _ the chief rival to his company's Windows software.

The head of Microsoft's India division, Ravi Venkatesan, said Gates plans to focus "on realizing India's potential" during his visit.

posted by Fergie @ 12/05/2005 06:23:00 AM