"From a corporate perspective, Aricent will be investing USD 500 million in the next three years in India, as it is the key geography for us," Aricent Chief Strategy Officer Payal Koul Mirakhur told PTI in an interview.
The US-based company develops software in communication segment and most of these software are made to control or manage function of hardwares in a system.
"We are a high growth company, growth is our focus. We want to increase our delivery capability by the same percentage out of our delivery centres in India. We will make this investment in people, lab and research and development," Mirakhur said.
Of the USD 500 million, the company has already invested USD 180 million to acquire India startup Smartplay which has expertise in development of digital, analog, wireless software and system design.
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"The transaction is complete. We announced the merger on August 11, 2015. I am an Aricent employee now," Aricent Semiconductor Business Unit President Pradeep Vajram said.
Vajram was heading Smartplay before it got acquired by Aricent.
"We need to increase capacity across many segments. More specifically in India, we plan to grow the teams and basic customer requirements," Vajram said.
"This has encouraged global companies to work in India. Certainly it is a great step towards encouraging business in India," She said.
Aricent at present has 10,200 employees in India which includes 1,200 workforce that it acquired through Smartplay. The company has additional 1,000 employees working outside India.