Sunday, June 7, 2009

Sun doubles Indian investment to $ 50 million

Sun Microsystems is doubling its investments from $25 million to $50 million in India in the next one year to build more infrastructure resources, set up new offices in Chennai and Hyderabad and for supporting educational programmes.Sun Microsystems is doubling its investments from $25 million to $50 million in India in the next one year to build more infrastructure resources, set up new offices in Chennai and Hyderabad and for supporting educational programmes.

The US-based $17.6 billion company is also putting India on its R&D map, giving their Indian facility the responsibility of developing a complete stack of high-end servers for its global market. Sun is also launching a range of new servers including the Cobalt Qube 3 servers and other low-end servers in India. The company has also launched Sun Open Net Environment (ONE), a new generation of software for open, smart web services through a complete product portfolio that helps companies to web-enable operations.


Masood Jabbar, executive vice-president, global sales operations, Sun Microsystems Inc, said: "India is a key market for Sun Microsystems and we will be doubling our investments in the country. We are in fact looking at giving our developers in India a complete project of developing a whole stack of servers." Speaking at the Sun Microsystems 8th Media and Analysts Symposium in Singapore, Jabbar added that despite the slowdown in the US economy, Sun will not reduce spending on key areas like R&D and education.

Giving a perspective on future trends in the networked world, Jabbar said that India will soon become one of the major development centres in the world. This may lead to the country losing its advantage of having cheap manpower as IT professionals who are scarce globally will attract a premium. "Knowledge is India’s oil. As the web economy matures, wages across the world will equalise and Indian will lose its cost advantage. The talent and skills of IT professionals in India will fetch a premium," he said.

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