Financial Daily from THE HINDU group of publications
Thursday, Jun 24, 2004
Financial Daily from THE HINDU group of publications Thursday, Jun 24, 2004 |
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Info-Tech
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Off-shore Development Affiance flags off India operations Our Bureau
Mumbai , June 23 GLOBAL security firm Affiance Group LLC has announced the launch of its India operations. The subsidiary Affiance Security & Loss Preventions Solutions India Pvt Ltd (Affiance India) would be headquartered in Mumbai with sales and marketing offices in New Delhi, Chennai, Bangalore and Kolkata. The company aims to capture 25 per cent of the Indian electronic security market by 2005-end. Estimated at $100 million, the nascent Indian electronic security market is expected to grow at the rate of 30 per cent and offers huge potential for the security firm. With a focus on the banking and finance, retail, manufacturing, hospitality, Government and defence sectors, Affiance will predominantly go to market through channel partners, informed a company release. Mr Manmohan Singh has been appointed the CEO of the Indian subsidiary and would head an in-house team of 10 security consultants in the country.
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