SOTI to Invest Rs 80 Crore in India in 2 Years
Today, 13th August 2016, Canadian Information Technology firm SOTI Inc plans to invest $12 Million in India for coming two years and also hire 300 employees in India, which is priority market growing at over 50% yearly.
SOTI Inc. is Canadian Enterprise Mobility Management (EMM) and Bring Your Own Device (BYOD) solution provider company. SOTI Inc. has grew its operations into a new office in Gurgaon, which will known as the headquarters of the Asian region.
Carl Rodrigues, CEO of SOTI Inc. said that, “We see India as our centre for Asia Pacific. SOTI is investing USD 12 million in India on setting up new facility spread over 50,000 square feet in Gurgaon and we will be hiring 300 people more in next 2 years over existing base of 110 employees.”
SOTI Inc. provides technology solutions to solve mobility management problems to its enterprise customers. And also company take-over growth of Android device in India and also in other Asia Pacific region.
Carl Rodrigues also said that, “India has Android dominated mobility market. We expert in providing solution for businesses on Android based devices. When we started in India, we only focused on developing product but profit in India in last fiscal grew by 50% in line with our global performance. Therefore, we now focus on opportunities in domestic market as well.”
Nadir Patel said that, “Bilateral trade between two countries India and Canada has been increasing despite economic challenges worldwide and bucking the global trend.”
In 2015, two-way trade reached Canadian dollar 8.2 billion as compared to in 2016 it reached 6.4 billion CAD and also in 2013 it was 5.7 billion CAD that represent an increase of 28 year on year.
Nadir Patel also said that, there are 40,000 IT companies in Canada and also many more need to be explore between India and Canada.