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Microchip Technology to invest $ 65 million in India
| August 29, 2008 |  (Be the first to rate this story!) Loading ... |
Microchip Technology Inc. will invest heavily in India and it stated that it hopes to create 300 new jobs at its new India Development Centre in Bangalore. The Foreign Direct Investment is worth $65 million. The development centre, inaugurated today, works on integrated-circuit development and marketing, microcontroller development tools and corporate information systems.
“Today’s investment demonstrates Microchip’s long-term commitment to India, and builds on the foundation we have created over the last 12 years. Not only are we impressed by the quality of the workforce available in India, we also see opportunity in the emergence of many Indian companies as global powerhouses in the development of embedded systems,” Ganesh Moorthy, executive vice president of Microchip.
News Published Under: Foreign Direct Investment in India |
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