The microprocessor giant Intel is to invest in ten more Indian
companies. This is as part of its business expansion strategy in the country and its
efforts to drive the technology forward.
Talks are on now with these firms about
the terms and conditions. Intel will make these investments through Intel Asia Electronics
Inc., which is a fully owned subsidiary of Intel Corporation. This investment will be in
two phases over the next two years. The names of the companies and the amounts to be
invested are not known now. Intel already has a stake in the Internet publishing company,
Rediff on the Net and in a Bangalore based company, Networking Solutions.
Meanwhile Intel''s e-commerce project is
expected to be ready in another
three or four months. Intel expects to do all its business transactions to go online by
October. It transacts a substantial volume of business through e-commerce now and foresees
a bright future for e-commerce in India.
Intel has mooted a worldwide venture
capital fund of about $3 billion which is available for Indian ventures.