Monday, December 05, 2005

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.


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