India and the United States sign commercial
agreements exceeding $3.5 billion

Information Technologies

8

Motorola (Schaumburg, IL),
working with the government of
Andhra Pradesh, will establish the
Motorola School of Communica-
tions Technology as part of the
Indian Institute of Information
Technology in Hyderabad. The
Motorola school is the first of its
kind for training students in the
field of telecommunications. The
curriculum will focus on CDMA,
satellite, Internet networks, and
other technologies.

TechnologyNet.com (Bethesda,
MD) signed an agreement with
Satyam, the second largest na-
tional provider of Internet access
and services in India, to create a
new Internet portal which will
provide India’s high-tech indus-
try with access to information
technology services and products
throughout the world.

Avid Technology (Tewksbury,
MA) signed a memorandum of
understanding with the Indian
company, IMT Imaging Technolo-
gies to create a training center for
next generation imaging technol-
ogy. Avid would participate as a
joint promoter. The next genera-
tion imaging applications will be
used for films, television and net-
based entertainment.

Hewlett Packard (Palo Alto, CA)
signed an MOU with the Indian
company, Imaging Technologies
(IMT) to create a center for next
generation imaging technology.
Hewlett Packard software will
form the platform for centersys
imaging technology.

Hughes Network Systems (Ger-
mantown, MD) signed a busi-

ness agreement to provide a VSAT
(Very Small Aperture Terminals -

INDIA NEWS « April 2000

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a small antenna used for trans-
mitting and receiving data com-
munications) system to
S.Kumars.Com Limited. This net-
work is designed to promote elec-
tronic communication, with a spe-
cial focus on rural India.

Motorola (Schaumburg, IL)
signed a memorandum of under-
standing with the Indian telecom-
munications company, Essar
Telecom Ltd., to develop a Local
Multipoint Distribution System
(LMDS) to provide wireless broad-
band access. Essar plans to offer
a variety of Internet services
across 52 cities in phase | of this
project.

Bank of America (Chicago, IL)
signed a business agreement with
DSQ Software, India’s 4th largest
software services company, to
form a global IT services com-
pany specializing in the financial
services sector. Bank of America
is the majority investor in the new
entity.

IBM (Armonk, NY) signed a busi-
ness agreement with the Indian
hitech firm, DSQ World.com Ltd,
to supply a range of computer
products and services.

InfoDream (Santa Clara, CA)
signed a business agreement with
the Indian firm, ModiCorp Ltd.
for the creation of an innovative
web portal for automating the
entire process of resource man-
agement in a service enterprise.

NeuVis Inc. (Shelton, CT) and
DSQ Software signed a business
agreement to help speed innova-
tions in the NeuVis ebusiness
platform and increase the rate of
customer implementations to the
global ebusiness market.

Finance

The Principal Financial Group
(Des Moines, IA) signed an agree-
ment with its Indian joint venture
partner, the Industrial Develop-
ment Bank of India (IDBI), solidi-
fying its plans to launch the IDBI
- Principal Asset Management
Company Ltd. The products of
this partnership will enable the
people of India to attain old age
security, a need that is not cur-
rently being addressed.

Hughes Network Systems (Ger-
mantown, MD) signed a financ-
ing agreement with a leading
Indian financial institution, Indus-
trial Credit and Investment Cor-
poration of India, that will allow
Hughes Network and its partners
to raise the necessary funds to
install broadband communica-
tions network for customers
across Maharashtra and Goa.
Hughes, which currently has
20,000 lines in service, hopes to
have over 220,000 lines in op-
eration by March 2002.

Energy

Enron (Houston, TX) signed an
agreement with Ispat Energy Ltd.
to supply natural gas to the Dolvi
power plant near Mumbai. Enron
anticipates U.S. products and
services to be incorporated into
the pipeline that will carry the
gas from Enron's facility to the
power plant.

Synergics Energy Development,
Inc. (Annapolis, MD) signed a
Memorandum of Intent with
India's Power Finance Corpora-
tion which will commit to financ-
ing 25 percent of the Shrinagar
Hydroelectric Project in Uttar
Pradesh. The project will provide
aclean and reliable energy source

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