GlobalLogic To Invest USD 25 Mn In India; up Headcount

The US-based software product development company GlobalLogic plans to invest about 25 million dollars to set up new centres in India and will also raise its headcount as part of its expansion. We are focusing on India at present. We want to build more Centres of Excellence here and have decided to open one in south India, GlobalLogic Director (Marketing) Rohit Sharma said. Sharma said the company will also ramp up headcount at its development centres in Noida, Nagpur and Pune to 3,000 from the current 1,600 in this fiscal. For GlobalLogic, India is the most important product development destination as the country houses 1,600 of the total 1,800 people it employs worldwide. Having a cost advantage of 60 per cent over other destinations like the US, the company''s expansion on product delivery is going to take place mostly from India, he said.