As Research in Motion goes through a major shake-up, Fairfax Financial founder Prem Watsa has taken a seat on its board, expanding it to 11 members.
James Laurence Balsillie, founder and co-chief executive officer of Research in Motion, feels that in the next 20 years, India will reach the developed nation status with $20,000 per capita income in terms of purchasing power parity.
BlackBerry-maker Research in Motion said it is hopeful that its dispute with India and the UAE over the issue of data security will be resolved successfully, but reiterated that it "cannot compromise the security architecture of its enterprise solution."
Research in Motion, the makers of BlackBerry, which was until recently under the government scanner over security concerns, is now looking at an India-specific strategy that includes local manufacturing.
Even as India's external affairs ministry has reportedly assured Canada that the Department of Telecommunications is trying to resolve the issue of a potential threat to India's security posed by BlackBerry phones, Research in Motion, the makers of the phones, said it is committed to addressing all aspects of the issue.
Months before Fairfax Financial Holdings Inc bid $4.7 billion for BlackBerry Ltd, Fairfax boss Prem Watsa played a role in securing a golden parachute worth as much as $55 million for the smartphone maker's chief executive.
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