Monday, October 24, 2005
Ericsson to set up R&D centre in Chennai, to upgrade facility
Press Trust of India
Mumbai, October 24, 2005
Swedish telecom equipment supplier Ericsson announced on Monday that it is planning to set up a R&D Centre in Chennai and an investment running into several millions of dollars to upgrade the manufacturing facility in India.
The existing Radio Base Station manufacturing facility in Rajasthan is being upgraded to manufacture Mobile Switching Centre (MSC) and Base Station Controller to further support the Indian market, Ericsson worldwide CEO Carl-Henric Svanberg said.
Ericsson will set up a new R&D center in Chennai and the center will perform R&D in cutting edge areas such as service layer, Value Added Services (VAS), he said.
He declined to quantify the investment, saying this would be in line with the demand and growth of the sector. Given the potential, India could be among the list of Big Growth nations in next 7-10 years, Henric added.
Commenting on the decision to select Chennai as location for setting up R&D center instead of Bangalore where they have an office, Ericsson head of Indian operations Mats Granyrd said Bangalore is a congested place. Besides, it also has a large number of MNCs as a result the employee attrition rate is high.
© HT Media Ltd. 2005.