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Wednesday, Dec 01, 2004

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ESI to invest $5 m in India centre

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Bangalore , Nov. 30

THE ESI group plans to invest $5 million on its India development centre and grow the operations to a 300-strong team over the next two years.

The company formally inaugurated its Indian subsidiary, ESI Software India Pvt Ltd, here on Tuesday. The subsidiary was created in February this year, following the acquisition of EASi USA MCAE intellectual property rights in September 2003. ESI Software India will focus on the development of software products for virtual simulation. It currently comprises 50 technologists.

Briefing the media, Dr Alain de Rouvray, Chairman and CEO of ESI Group, said there is a great demand for virtual simulation and virtual manufacturing software products.According to Mr Nagesh L. Bysani, Managing Director, ESI Software India, the digital simulation software products offered by ESI are generating business valued at $300,000 to $400,000 in India every year.

"We expect this to increase, given that the application use is spreading across industries. There are several Indian OEMs who are using our products in their manufacturing process," Mr Bysani added.

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