Friday, Feb 11, 2005
Friday, Feb 11, 2005 |
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By Our Corporate Reporter
CHENNAI, FEB. 10. Brooks Automation India (P) Limited, a wholly owned subsidiary of Brooks Automation of the U.S., plans for further investment in India. The company, which started its operations a year ago with an investment of about $1 million in India, will double its investment in the current year to expand R & D activities. The Indian subsidiary will attract an investment of about $15 million in the next three years, Jeff Cassis, vice-president, sales, Brooks Automation, U.S., at a press conference here. Brooks Software, a division of Brooks Automation, delivers competitive advantage to aerospace and defence, automotive, high tech, life sciences and semiconductor manufacturers worldwide, Mr. Cassis said. The Indian venture, focussing on limited application of automation in the past year, would concentrate on wider applications in different segments of the industry. This would enable the company to generate revenue and increase employee strength in the current year, Muthukumar Ramalingam, Director, said. The revenue from this part of the world would thus go up by 10 per cent, Mr. Ramalingam said.
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