Lootah to set up software unit in India
New Delhi, October 1, 2008
Dubai-based SS Lootah Group, a leading group in the UAE, is set to launch a software development centre in the south Indian state of Kerala.
SS Lootah Group is a family-owned diversified business house with ventures across key industries from construction, real estate, energy, food and hospitality to financial services, applied research, information and communication technologies (ICT), education and healthcare.
The Lootah Group will take a final decision this week or early next week on the unit at Technopark campus here, a top Technopark official said on condition of anonymity.
'A few rounds of discussions have already been held on the issue. They have already established their corporate office in the country's capital Delhi and here they will be entering into software development,' the official added.
Initially, the company will have an office of more than 30,000 sq ft at the campus in Thiruvananthapuram.
Commenting on the group’s entry into India, SS Lootah group chairman Yahya Lootah said: “Our aim is to explore avenues which lead to human development, apart from bringing in investment. About 40 per cent of our workforce in the UAE is from India and it is time for us to give them back at their home world class infrastructure and amenities.”
SS Lootah group is the first private sector entity from the UAE to set up a permanent base in India.
More IT & Telecommunications Stories
- Scope ME named distributor for InfoWatch
- Nawras quadruples 3G+ mobile services
- Menatelecom expands bill paying network
- Du joins new global cable consortium
- Kuwait moves to create telecoms watchdog
- Batelco backs Royal Fund for Martyrs
- Egypt's Global Telecom posts $749m Q4 loss
- Red Hat launches open source BPM suite
- Batelco announces new board
- Batelco offers improved broadband
- You don't own phone numbers, warns TRA
- Tech giants back top Qatar ICT event
- Du to provide wifi access in public areas
- Zain finalises $800m, five-year loan facility
- Ooredoo Q4 net profit falls 36pc to $140m
- Mobily, Etisalat team up for LTE roaming
- Batelco approves $84m dividends for 2013
- Etisalat Q4 profit rises 70pc to $394m
- Kenya telecom firm to join Etisalat SmartHub
- Aruba appoints new sales director
- Du enters $1.17 billion financing deals
- VIVA extends 4G LTE offer
- Batelco to update students with latest technologies
- Etisalat SmartHub seals IPX agreement
- Etisalat picks Alcatel for LTE network expansion
- Boeing, QCRI host machine learning forum
- Mobily provides 4G LTE international roaming
- Viva Kuwait, Huawei to set up innovation centre
- Etisalat, Airtel deal to boost network services
- Batelco offers 4G LTE backup solution