Financial Daily from THE HINDU group of publications
Monday, Jan 09, 2006
Financial Daily from THE HINDU group of publications Monday, Jan 09, 2006 |
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Info-Tech
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Hardware MobiApps may start toll manufacture of wireless devices
Moumita Bakshi Chatterjee
New Delhi , Jan. 8 MOBIAPPS India, a wholly-owned subsidiary of MobiApps Inc. US, is likely to kick-off contract manufacturing of M Track and other wireless communication devices through an Indian toll manufacturer. This follows a Foreign Investment Promotion Board (FIPB) approval of its proposal. MobiApps India Private Ltd was established to provide chip-designing services to its parent company. "Now, approval was sought for toll manufacture of M Track and other wireless communication devices by providing technology support to the toll manufacturer through MobiApps India and distribution of the same either directly or through the marketing joint venture companies, in India," sources said. The toll manufacturer would manufacture the devices as per the specifications, technology and support provided by MobiApps Singapore or its subsidiaries. MobiApps India would sell the entire manufactured product exclusively to the joint venture companies, which would distribute these devices in the Indian market under their brand name. MobiApps Inc.US is a subsidiary of MobiApps Holdings Pte. Ltd, Singapore.
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