PodTech News: Intel's $250m Plan - India Technology Fund

04:43 | Admin | Dec 6th, 2005 12:39am |

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December 5, 2005 (PodTech News) - Intel announced it would invest US$250 million in India through the company’s Intel Capital unit. The program, called the India Technology Fund, is intended to infuse cash into the region’s most promising technology startups and companies.

Many previous investments from Western technology firms were meant to support the low-cost manufacturing of products to be sold back into the U.S. and other affluent nations. However, the money Intel has slated for the India Technology Fund would be used to develop and market IT products for the Indian market.

Analysts point out it represents a subtle but profound shift in the global IT economy, which is witnessing the rapid transformation of the industries of emerging markets from assembly of products to design and ownership.

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