Britain's UbiNetics, a wireless technology firm, said Thursday it planned to invest $27 million in expanding its operations in India where it already conducts much of its research.
"India is one of the fastest growing markets for wireless technology," said Bjorn Krylander, chief executive officer of the company.
"The plan is to recruit more than 150 software developers over the next 18 months."
Krylander said UbiNetics had already spent Rs 50 crore (Rs 500 million) in building its development centre in the southern Indian technology hub of Bangalore which opened in 2001 and now employs 150 developers.
"In India we are doing more than 50 per cent of our protocol development and almost 40 per cent of the firm's overall research and development work," Krylander said.
"There is also a plan to set up an UbiNetics academy, which will conduct monthly seminars focusing on the wireless industry," Krylander said.
UbiNetics, which was founded in 1999, makes software for high-speed data transmission on mobile phones.
"The penetration of mobile phones in India is still very low at about two per cent while in Western nations it is about 80 per cent," Krylander said. "There is scope for huge growth in wireless mobile technologies as it can be deployed in rural areas because it is cost-effective."
The number of mobile telephone subscribers in India is expected to grow by nearly 30 per cent to 36 million this year.
-- AFP
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