Fujitsu to invest $20 mn in India

US-based IT consulting firm Fujitsu Consulting, which recently bought Rapidigm India, will invest $20 million and hire 2,500 employees in its India operations during the next two years.

The $20 million will be spent in setting up a new centre in Hyderabad and expand the existing Pune and Noida development centres of Rapidigm. "The India centre will be an expertise centre revolving around technologies like Oracle, SAP, and Microsoft," Steve Kirchoff, executive VP, Fujitsu Consulting said here today.

The investment in India will substantially go up in  future as the centre starts catering to the European and Japanese markets, Kirchoff said.

Fujitsu Consulting bought IT & consulting firm, Rapidigm (India), for an undisclosed amount during March this year.Prior to the acquisition, Rapidigm's 2005 revenue was $260 million. "We are looking at a growth of 80-100% during the next two years," Jitendra Tanna, director of Rapidigm, said.