AP

Arvind Sodhani announces the investment in New Delhi

Intel’s investment arm, Intel Capital, is focusing on investment in Indian technology companies developing applications for PCs and mobile phones.
Focusing strongly on “connecting the next billion”, the investment firm has shown interest in investing in companies developing connectivity applications like WiMax (World Interoperability for Microwave Access).
Sudheer Kumar Kuppam, managing director — India, Japan, ANZ & South East Asia said WiMax would be the next level of connectivity across the country. He said Intel has also come up with WiMax capability technology for notebooks. “We want the government to auction WiMax spectrum which will prove to be the next generation of connectivity to the unconnected areas. Today, notebooks and most of the mobile phones come with WiMax ready, which will drive the next phase of growth,” he said.
Kuppam said that the company is focusing on investing in technology companies across verticals. “India is one of the important markets for us among the emerging countries list. Intel, in 2005, had announced to invest $250 million in India,” Kuppam said.
The investment firm on Thursday announced to invest $17 million in three India companies —Yatra.com, an online travel portal, Buzzindiatown.com, events oriented social network, and Emnet Samsara Media, out-of-home advertising company. However, the firm denied revealing the share of investment in each company.