PrairieComm to invest $10 m in India

Updated: Jan 25 2002, 05:30am hrs
PrairieComm Inc on Thursday announced plans to invest up to $10 million in India over the next three years. It also launched its India operations, with the opening of a software development centre in Bangalore, which will focus on developing software for the global wireless communication market.

The US-based firm supplies integrated base band processors and software to wireless handset manufacturers. It clocked revenues of $26 million in 1999.

The companys president and CEO John Diehl said, We have hired around 20 people for our new centre and plan to increase their number to over 50 by the end of this year. He added that the Indian market was rapidly growing in the domain of wireless technology and admitted that the wireless/mobile technology sector had a difficult year in 2001. We will take advantage of the opportunities in the the Indian telecom market. Moreover, things are expected to start improving by the latter part of 2002, Mr Diehl said.

PrairieComms new facility in India is its second largest development centre after the headquarters in Chicago.