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Thursday, Jan 10, 2002

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Cadence to invest $50 m in R&D centre

Vishwanath Kulkarni


CADENCE Design Systems, a leader in electronic design automation software, is planning to invest $50 million in its India R&D centre at Noida over the next five years.

Mr Himanshu Singh, Country Manager, Cadence Design Systems (India) Pvt Ltd, said the R&D set up in India, which has some 320 engineers, was the biggest outside the US.

The company, which has already invested about $100 million in India R&D centre since it started operations, plans to add some 350 engineers over the next two years, he said.

Commenting on the Indian electronic design market, Mr Singh said the market was still emerging and Cadence India was bullish about the prospects here.

``We expect to grow at a higher rate this year as we expect to acquire more customers in India than we did last year,'' he said even while declining to give the growth figures.

``The electronic design industry is now considered to be a sunrise industry as more and more IT services companies are getting into it in a bid to move up the value chain. While companies such as Wipro Technologies, MindTree Consulting, HCL Technologies, Sasken are already into it, more and more companies are planning to get into ASIC and VLSI design,'' Mr Singh said

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