Ericsson Plans To Invest $100 Million In India

BANGALORE, India — Swedish telecom equipment vendor Ericsson opened an R&D center in the southern Indian city of Chennai on Saturday (Feb. 25) that will focus on creating value-added applications for the multimedia- and prepaid-phone segments of the wireless-phone market.

Ericsson is also setting up its global services delivery center here. Speaking at the opening ceremony for the center, Dayanidhi Maran, India’s minister for communications and information technology, said the government hopes to see more IT companies set up R&D facilities in India.

Ericsson proposes to invest about $100 million in the country, said Mats Granryd, managing director of Ericsson India. But he did not specify how that investment would be deployed.

Ericsson, which is a supplier to leading mobile-service providers in India, also has a factory in Jaipur, where it makes radio basestations.