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Mumbai Feb. 19 New Enterprise Associates (India) Pvt Ltd plans to expand its operations in India and will invest around $200 million in several technology sectors. The Indian operations of the company based in Bangalore will work in close association with NEA's US-based technology team.

``We have been selectively investing in India for many years and believe the country offers an attractive environment for venture investing," said Mr Peter Barris, NEA managing partner.

They plan to invest in technology, healthcare and alternative energy but "we have not thought about the allocation of our funds to the different sectors," said Mr Krishna Kolluri, general partner of NEA. "To start with, we will concentrate on telecom, media and KPO this year," said Mr Ben Mathias, Vice President of NEA India operations. NEA is a US-based venture capital firm focusing on investments at all stages of a company's development, from seed through IPO. It has invested in several Indian and India-US cross border companies like Sasken, Telsima, Nevis Networks, Protostar, InSilica and Global Logic.

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