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Tyco to launch wireless products

By Our Staff Correspondent

CHENNAI NOV. 26. The networking division of Tyco Electronic Corporation India (P) Ltd., expects a 50 per cent growth in revenue at Rs. 120 crores for the fiscal ending September 2004. The increase in revenue would come from areas such as business process outsourcing, call centres, software companies, banking and finance and infocom services.

Addressing a press conference here today, K. K. Shetty, Country Manager (AMP Networking) Tyco Electronics, said nearly 40-45 per cent of revenue came from new economy companies, 20-25 per cent from corporate clients and the balance from banking and finance.

Tyco Electronics in India is a Rs. 400 crore company, with the networking division contributing Rs. 80 crores. It has three wholly owned subsidiary units in India — Bangalore, Pune and Kochi.

To a query, Mr. Shetty said Tyco was planning to make India and China as manufacturing hubs for its electronic products.

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