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Source: IndiaPRwire
Date published: 15 May 2006
Reporter: -
Editor: -
"Taiwan-based Institute for Information Industry (III), today, announced the opening of its Offshore Development Center (ODC) at Olympia Technology Park in Chennai. This is the first such initiative undertaken by a Taiwanese firm in India. Dr. Y. S. Shih, Vice Minister of Ministry of Economic Affairs, Taiwan, inaugurated the centre and Mr. Kiran Karnik, President of NASSCOM, was the chief guest."

Chennai, Tn, IND, 2006-05-15 19:27:40 (IndiaPRwire.com)

For Immediate Release

Taiwan based Institute for Information Industry (III)

opens Offshore Development Center (ODC)

Chennai, May 15, 2006: Taiwan-based Institute for Information Industry (III), today, announced the opening of its Offshore Development Center (ODC) at Olympia Technology Park in Chennai. This is the first such initiative undertaken by a Taiwanese firm in India. Dr. Y. S. Shih, Vice Minister of Ministry of Economic Affairs, Taiwan, inaugurated the centre and Mr. Kiran Karnik, President of NASSCOM, was the chief guest.

Dr. Y. S. Shih, Vice Minister of Ministry of Economic Affairs, Taiwan, who is also leading a delegation of Taiwanese industrialist to India, said, " We believe that India and Taiwan are natural partners in dominating the ICT sector. I expect many more Taiwanese ventures to come to India in the near future."

Currently, trade between India and Taiwan is $2.5bn. India accounts for 0.67% of Taiwan's external trade whereas 0.87% of India's external trade ends up in Taiwan. This is likely to change as Taiwan and India complement each other because Taiwan has the expertise in hardware and manufacturing, while India is known for software and system designs. Many Taiwanese manufacturing giants have already announced setting up of manufacturing base in India.

III's offshore development centre represents the first partnership in software between India and Taiwan. The centre will be engaged in software development in the field of networking, security and embedded software among others.

Speaking about the operations in Chennai, Dr. G. J. Huang, Executive Vice President, Institute for Information Industry, Taiwan said, "The Chennai centre will play a key role in III servicing its clients in diverse industries."

Housed in a 8,500 sq. ft. state-of-the-art facility, III will recruit 60 IT professionals by 2006 and plans to ramp up the operations to 200 employees by end of 2008.

Comment ing on the occasion, Mr. Kiran Karnik, President of NASSCOM, India, said, "The decision of III, the key promoter of the Information Industry and Information Society of Taiwan, is acknowledgement of the fact that India is the desired destination for software development. I am hopeful that many such relationships will be forged between the two nations in the coming days."

About Institute for Information Industry (III)

The Institute for Information Industry (III) was established in 1979 as a joint government-private sector think tank and management consultancy, to help promote the development of the ICT industry and deploy the information society. Funded by both government and the private sector, the III provides a neutral source of expertise independent of both partisan politics and individual corporate agendas. It is active in research and development, promotion of the ICT industry, and support and administration. As the most important promoter of the Information Industry and Information Society of Taiwan, III committed to increasing Taiwan's global competitiveness through the development of its information technology infrastructure and industry. The goal of III is to empower Taiwan for the realization of knowledge economy, digital equality and digital e-Quality.

Since its inception in 1979, III has been a key technology contributor to Taiwan's ICT industry, while also playing a vital role in promoting the adoption of ICT in both public and private sectors. With over 1400 employees and more than 70% of them possessing Ph. D. or Master Degree in Computer Engineering and other associated fields, III plays a crucial and pivotal role in Taiwan's ICT industry. Headquartered in Taipei, with a goal to develop a World-class Taiwan Information Industry and Information Society, III is leading its way through vigorous pursuits of R&D development, serving as the think tank on ICT policy to the government, proliferating ICT applications, bridging the digital divide, seeking opportunities for international collaboration, and cultivating ICT talents.

To strengthen Taiwan's ICT industry competitiveness, III has endeavored to collaborate with major companies and organizations, through information exchange, technological cooperation, and strategic alliances. III also works closely with standard organizations, industry associations, and research institutions around the world on the important issues such as protection of intellectual property rights, technology standards, international market, digital divide, etc. in order to assist Taiwan's ICT industry to meet international standards.

For further details contact

Keng Lee

E-mail: keng@iii.org.tw

M: 98406-51416

Michelle Tsai

Institute for Information Industry (III)

E-mail: mt@iii.org.tw

R Sriganesh/Twinkle Xavier

20:20 MEDIA

P: 28260145/55519908

E-mail: Sriganesh

- End -

Submitted by Karthikeyan D S - Account Executive- 20:20 MEDIA, Chennai

Influences:

2 years after III officially opened, we can see both country have benefited from this institute. India are able to provide their workforce with cheap and affordable ICT facilities while Taiwan have improve their competitiveness in development of information technology infrastructure. 

Personal opinion:

This is a good opportunity for both India and Taiwan to build on their ICT infrastructure globally. With the III being situated in Chennai, Taiwan is able to rely on India's extensive workforce in the research and development sector for ICT combined with Taiwan's already strong foundation in the production and maunfacturing field. This kind of collaboration in the long term, will close up the digital gap by bringing down expenditures and logistics cost. On the whole, its a definitely beneficial for Taiwan and the IT world.

Reference:

Taiwan based Institute for Information Industry (III) opens Offshore Development Center (ODC) in Chennai - http://www.indiaprwire.com/pressrelease/computer-software/20060515258.htm accessed in 17 Oct 2008