Software industry

Global Corporations Pledge $8.6 Billion in India's Telecom and IT Sectors

Strategic Insights

May 14, 2006 — 1 min read

Global corporations have announced significant investments in India's telecom and IT sectors, according to data compiled by the Ministry of Communications and IT. The investments, totaling $8.6 billion, are expected to boost the country's growth in these sectors. A consortium of non-resident Indians has proposed a $3 billion investment in a silicon chip manufacturing facility near Hyderabad, while Microsoft has pledged $1.7 billion for research and development, education, and productivity.

Key Takeaways:

A consortium of non-resident Indians has proposed a $3 billion investment in a silicon chip manufacturing facility near Hyderabad, with technology and equity funding from chip maker AMD and support from the Andhra Pradesh government.
Microsoft has announced an investment of $1.7 billion in India, focused on research and development, education, productivity, and governance.
Intel has proposed to invest $1.1 billion in research and development, marketing, education, and setting up a venture fund.
Networking major Cisco has announced an investment of $1 billion, while EMC plans to invest $250 million in India.
Ericsson has announced an investment of $250 million for telecom manufacturing and research and development in Chennai and Jaipur.
Telecom major Nokia and Samsung have invested $200 million in the country on a manufacturing facility, with Nokia manufacturing handsets in Chennai and Samsung in Gurgaon.

Statistics:

Total global investment in India's telecom and IT sectors: $8.6 billion
Consortium of non-resident Indians' proposed investment: $3 billion
Microsoft's investment in India: $1.7 billion
Intel's proposed investment in India: $1.1 billion
Cisco's investment in India: $1 billion
EMC's planned investment in India: $250 million
Ericsson's investment in India: $250 million
Nokia and Samsung's investment in India: $200 million

Sources:

Ministry of Communications and IT
PTI (Press Trust of India)
Asia Pulse

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