The Web


 Latest Business news on mobile: sms BIZ to 7333

Home > Business > PTI > Report

Google to set shop in Russia; to hire 3000

August 02, 2005 14:48 IST

Global Internet giant Google is eyeing Russia's new IT Park in St. Petersburg where it may set up operations employing as many as 3,000 workers.

"We spoke with Google representatives ... and they seemed very keen on the idea," Russia's Deputy IT and Communications Minister Dmitry Milovantsev was quoted as saying by the media.

The St. Petersburg Bonch-Bruyevich State University of Telecommunications would be a partner in setting up the IT park.

Google confirmed its interest in Russia's IT market. "We are very interested in Russia and are working to learn more about this important market. We will continue exploring business opportunities in Russia," a Google spokeswoman was quoted as saying by the English daily, The Moscow Times.

Ever since his visit to Infosys headquarters in Bangalore during his visit to India last December, President Vladimir Putin has been pressing the government to create 'Russian Bangalores' to tap the vast intellectual potential and put the country's economy on track of knowledge-based industrial development.

The technology park in St. Petersburg is set to begin operations as early as 2008 and will require an estimated $1 billion in investment, said Alexander Gogol, dean at the Bonch-Bruyevich St. Petersburg State University of Telecommunications.

The money will come from federal and regional authorities, the World Bank and the resident companies of the park.

7333: The Latest News on Your Mobile!

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments

Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article

Copyright © 2005 India Limited. All Rights Reserved.