Nvidia plans $100m investment in India

Nvidia Corporation, the $2.5 billion company offering graphic and digital media processors, has outlined plans that it might invest altogether $100 million in its Indian operations.

The company on Tuesday announced the opening of its Indian Design Centre and has already hired around 25 engineers with plans to add 75 more within this year.

Announcing the centre in Bangalore, Jen-Hsun Huang, CEO, president & co-founder, Nvidia said: "India is an exciting market and positioned for phenomenal growth. We know from experience that India is home to some of the world's brightest engineers, as many of our top employees today are originally from here. India is strategic to Nvidia and we are delighted to become a member of the Bangalore community."

The Bangalore design centre will be modelled on existing Nvidia's design centres across the globe allowing top-to-bottom design of advanced graphics and digital media processors for a wide range of platforms.

"Globally on an average we spend half a billion dollars on R&D, and we will not shy away from investing 25 per cent of that in India. Budget allocation is not at all a constraint for us," he added.

Nvidia, in addition to locating an R&D centre in India, is also looking at capturing the market here as computing and consumer electronics are converging as speedily here as is elsewhere in the world.

"Companies like Wipro, Infosys, Sasken are doing some sterling work here and so are companies like Sify which are committed to deployment of broadband in India. Expanding the reach of computing through Sify internet cafes will be among our agenda here," noted Huang.