Tuesday, November 29 2005 16:09 Hrs (IST) - World Time -

Bangalore: US-based DSP (digital signal processor) and analog technologies leader, Texas Instruments, is upbeat on the Indian market and says it's set to capitalise on boom times in communication and entertainment sectors in this country.

TI officials said though the addressable Indian market for it is very small, the rate of growth is high not seen in many parts of the world.

"We are bullish", said Dr. Biswadip (Bobby) Mitra, Managing Director, TI India, the Indian arm of the New York Stock Exchange-listed USD 12.6 billion company. "Influxion is about to begin", he said. "We need to be aggressive".

The company is buoyed by projections of India having 250 million telephone connections, both fixed and wireless, by 2007, and 20 million broadband connections by 2010.

With entertainment sector expected to become a USD ten billion industry by 2010 growing at 20-plus per cent and distribution becoming more and more digital, the company is seeing lot of opportunities, Mitra said.

With its products, the company is well-positioned to take advantage in an era of increasing convergence. In addition to semiconductor, the company's businesses include sensors and controls, and educational and productivity solutions.

TI India started operations in India in 1985, becoming the first multinational to set up such a facility here. It currently employs more than 1200 engineers mainly working in the VLSI design, embedded software and tools development.

IT India is holding a 2-day, eighth annual Developer Conference, aimed at helping bridge the space between semiconductors and applications by bringing together all stakeholders into a common forum, here from tomorrow.