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Home -> Finance -> Full Story
US IT company to invest $ 4 million in Kerala
Thursday, October 23 2003 15:00 Hrs (IST)

Dubai: Infovista Technology Solutions (ITS), a top-end US IT firm, is to invest $ four million in the Infopark Technology park at Kakkanadu near Kochi over a period of five years.

ITS, a 100 per cent owned subsidiary of the California based Infovista Technology, a leading software development and Business Process Outsourcing (BPO) solutions provider, concluded the agreement on the sidelines of the Gitex 2004 in Dubai, K G Girish Babu, Inforpark chief executive officer said.

The company intends to make an initial investment of $ 200,000 for the next quarter (of this year) towards their centre to be located at Infopark, the largest Information Technology Park in India, Samir Rahman, President, Infovista Technology said.

Infovista's planned global delivery centre at Kochi will have the capability to serve businesses and offices in the United States and also in the Middle East and Australia.

PTI