Palo Alto, California-based Aricent plans to invest $500 million in India to boost its product development capacity. Chief strategy officer Payal Koul Mirakhur told the Press Trust of India in an interview that India “is a key geography for us.” Aricent has centers in Europe and the U.S. too, but India continues to be its key delivery center.
Of the $500 million, the company has already invested $180 million to acquire India start-up Smartplay which has expertise in the development of digital, analog, wireless software and systems design reports FirstPost. With this acquisition, Aricent has 10,200 employees in India.
Mirakhur added that the Indian government was indirectly helping business to grow. “This has encouraged global companies to work in India. Certainly it is a great step towards encouraging business in India,” she said.
