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Mamuni Das

New Delhi , March 24

Efkon, the Austrian company operating in toll automation sector, plans to invest euros 5 to 10 million over the next two years in India.

The company, which is present in India for the past six years, also plans to increase its headcount in the country to about 200-250 from the current level of 75 over the two-year period.

Efkon, with a turnover of about euro 600 million, provides solution in the transportation payment systems and active infrared communication systems.

The company focuses on electronic toll collection and enforcement systems, smart card payment solutions, and central clearing house operations. "We would be setting up a development centre here that would work on software development, testing and maintenance of intelligent transport systems (ITS) here," Mr Pushkar Kulkarni, CEO, Efkon Group-India, told Business Line recently on the sidelines of a conference.

ITS basically uses information communication technologies in transport and communication technologies to improve mobility and includes solutions such as electronic tolling systems.

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