The company already had set up an office in Shanghai which it plans to operationalise by December this year, Kamal Karanth, Head of APAC operations, Ma Foi, told PTI.
SMS advertisements, which used to irritate cellphone users, could soon turn out to be money- spinners with a Bangalore-based firm claiming to pay those who willingly receive the messages.
India becomes the fifth country after United States, Russia, China and France to enter the launch market.
The 44 metre tall four-stage PSLV placed Italian satellite AGILE into orbit at 550 km above the earth.
The 44.5-metre-tall, 295-tonne PSLV-C7 lifted off from the launch pad at 9.24 am.