India has one of the fastest growing telecom markets in the world. US based Telenity wants to become successful in this market and that is why the company has taken a decision to open a Research and Development (R&D) facility in India. By this initiative, Telenity bosses are hoping to kill two birds with one stone. On the one hand, the company can take advantage of cheap salary of IT workers in India. On the other hand, Telenity can make its position in the Indian market stronger. The R&D center will be set up either in Delhi or Pune and within 3-5 years, Rs. 30 crore (10 million=1 crore) will be invested.
Telenity has perhaps taken the right decision in right time. The telecom market of India will only grow bigger for years to come and Telenity will now be in a better position to cash in.
What do you think?
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