Financial Daily from THE HINDU group of publications
Thursday, Feb 10, 2005
Financial Daily from THE HINDU group of publications Thursday, Feb 10, 2005 |
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Info-Tech
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Off-shore Development IDG to invest $20 m in India operations Our Bureau
Bangalore , Feb. 9 INTERNATIONAL Data Group (IDG), the technology, media, research and event company, is setting up India operations with plans for an initial investment of $20 million. The company, which applied for FIPB approval in August 2004, says it is awaiting clearance before it expands investment and operations to include venture capital investments, service-hub operations and the launch of four-five new titles, including one on outsourcing, produced completely from India. "IDG has earmarked about $200 million for India operations in the long-term and we are awaiting approval before we go ahead with our plans," Mr David F. Hill, President and CEO, International Publishing, IDG, announced here.
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