Financial Daily from THE HINDU group of publications Wednesday, Dec 15, 2004 |
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Info-Tech
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IT Training CADD Centre plans foray into China Our Bureau
Kolkata , Dec. 14 CADD Centre India Pvt. Ltd, a Chennai-headquartered CAD technology training company, is firming up plans to establish a presence in China next year. To begin with, the company will have its training outlets in Shanghai and four other cities in that country. The company, which already has a presence in Bangladesh, Malaysia and Sri Lanka, is also looking at opportunities in other geographies such as Indonesia. Stating this at a press conference held here, Mr R. Parthasarathy, Executive Director of CADD Centre India Pvt. Ltd, said the company was yet to decide whether the foray into China would be through the franchisee route. The investment in China would be of the order of $5-10 million over the next five years. In India, the company has a total of 98 training centres. Of this, only three centres are owned by the company while the rest are franchisee outlets. Mr Parthasarathy said the company's growth plans in India include augmenting the number of centres across the country to 175 by the year 2006. Of this, about 40 would be in the eastern region. According to him, the company has firmed up plans to increase the points of presence in cities in the eastern and north-eastern regions, such as Kolkata, Durgapur, Hooghly, Siliguri, Assam, Sikkim, Patna, and Ranchi.
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