India attracts businesses in telecom, web3, automobile, IT & AI

The Tech Panda takes a look at how India has been attracting foreign businesses from business hubs like Germany, US, and with its massive market in automobile, IT and AI, while expanding to Latin America and the Middle East in telecom and web3.

Sights on Latin America after ACT Fibernet investment

Fresh off a strategic investment from ACT Fibernet, Aprecomm, the Indian Telco SaaS leader, is now setting its sights on expansion in the Latin American market. To propel this foray, Aprecomm has joined forces with OpenGlobe, a provider of telecommunications solutions in the region.

Targeting a high-growth market that currently has over 111 million fixed broadband households, the partnership synergizes OpenGlobe’s extensive relationships with communications service providers and government bodies with Aprecomm’s expertise in enhancing the connected consumer experience by creating self-healing and self-optimizing networks. The strategic alliance will allow both companies to extend their influence in the market for consumer telecom and enterprise solutions and bring service providers a unique product portfolio that is field proven to increase subscriber satisfaction and reduce operational costs.

“This partnership will draw on our combined strengths to target a high-growth region,” said Pramod Gummaraj, CEO of Aprecomm. “This collaboration extends our global footprint and empowers broadband service providers and government agencies to provide more comprehensive and impactful wireless solutions to their customers,” he added.

Victor Fernando Proscurchin, CEO of OpenGlobe, said, “OpenGlobe’s mission is to tackle challenges with cutting-edge technologies. We believe Aprecomm’s AI-powered solution will significantly enhance value for ISPs by optimizing large-scale network management, cutting costs, reducing churn and improving user experience.”

Expanding Web3 infrastructure to the Middle East

SaaS company Qila will be expanding to the Middle East to cater to the region’s data localisation guidelines and strengthen Web3 adoption among enterprises. Through Qila’s private cloud infrastructure, the region will be able to enhance Web3 adoption with localised cloud solutions and innovative data analytics tools.

The expansion is aimed to provide multiple advantages for enterprises operating in the UAE, which includes enhanced data security, compliance with local regulations, and streamlined integration of blockchain technology.

The UAE presents a robust market for Web3 solutions due to its progressive stance on technology adoption and regulatory support for blockchain initiatives. The UAE’s proactive approach to technology and innovation aligns perfectly with Qila’s offerings, making it an ideal environment for growth. The UAE government’s supportive regulations for blockchain and data localization further facilitate the seamless integration of Qila’s solutions

Vishal Malhotra, CFO & Co-Founder of Qila, said, “We see immense potential in the UAE market, which is at the forefront of embracing new technologies. Our goal is to support enterprises in their Web3 journey by offering sector-agnostic solutions and innovative tools like ARK, ARK+, PrivaSea, and TreePye.”

German tire pressure monitoring system in India

With continued dedication towards safe mobility and led by Vision Zero, technology company Continental has expanded the production of its Tire Pressure Monitoring System (TPMS) for passenger cars at its Bangalore plant and inaugurated the same. This expansion comes as a response to the increasing market demand in India and targets to significantly enhance the production capacity.

Launching with a capacity of 3.3 million wheel units per year, the new TPMS line is an expansion of the existing one, with further growth plans for the line in the near future. Advancing Continental’s smart manufacturing initiatives, this state-of-the-art TPMS line features fully automated processes with nominal manual intervention. With this expanded line, Continental stays committed to supporting local OEMs while also targeting export markets, primarily Korea.

Phanindra Karody, Head of Bangalore Plant, Continental Automotive India added, “Continental continues to focus on localization. The newly expanded TPMS line also features cutting-edge smart manufacturing processes, including collaborative robots (Cobots) and digital traceability systems.”

Continental’s Bangalore plant, the company’s largest electronics manufacturing plant in India, exemplifies a smart factory.

US IT company opens new office in Bengaluru

Arizona based Insight Enterprises (NASDAQ: NSIT), a Fortune 500 solutions integrator, has inaugurated their new office in Bengaluru, India. Tapping into the engineering community of the nation’s IT hub, the new facility is designed to accommodate global delivery and business enabling functions. 

This move highlights Insight’s efforts to build world-class cloud service capabilities and accelerate the company’s plan to expand its footprint in India.

In sync with its hybrid work model, the company has consciously opened a new, limited-capacity office dedicated to fostering collaboration and in-person interaction, without requiring employees to be in the office full-time.

Mohan Subrahmanya, Country Leader – India, Insight Enterprises, said, “The addition of the new office aligns with our vision to expand and develop Insight India into a central hub for top-tier cloud and next-gen digital services. Besides, it opens new opportunities for us to engage with the local tech community and leverage the core competencies of India’s thriving IT ecosystem. This enables us to build and strengthen our partnerships which will further enhance our service capabilities as the leading solutions integrator.”

Global data science & AI company targets 4,000 Indian employees by mid-2025

In July, Tredence, a data science and AI solutions company, announced expansion of its operations in India to aid its rapid growth and diversification strategy. The company recently opened two new AI delivery centers in Pune and Kolkata, in addition to upgrading its facilities in Bengaluru and Chennai.

Expanding into sectors like Banking and Financial Services (BFSI) and Healthcare & Life Sciences (HLS) and entering the Middle East region, Tredence aims to hire 1,500 new employees, increasing its workforce by 60% from 2,500 to 4,000 employees by mid next year. These new roles span data science, data engineering, data analytics MLOps, LLMOps, GenAI and marketing analytics. The company is also recruiting for innovative roles to meet the growing needs of clients in Generative AI while launching a GenAI upskilling program to prepare professionals for upcoming client projects.

“At Tredence, we are deeply committed to India, where we have built a strong foundation across our business functions,” said Shub Bhowmick, Co-founder and CEO at Tredence. “Our ongoing investments in R&D, sales and talent development underscore our dedication to fostering innovation and contributing globally. While North America has been pivotal in our growth journey, we are excited about the immense opportunities in India, Europe and the Middle East.”

“India is a cornerstone of talent and ingenuity driving our global initiatives,” stated Munjay Singh, COO of Tredence. “With over 80% of our workforce based in India and selected through a rigorous hiring process, we are prepared to address global challenges. We allocate 10% of our revenue towards future innovation and capability development as a sign of our dedication to strategic growth,” he added.

In India, Tredence partners with manufacturing, healthcare, retail and CPG companies to tackle last-mile AI challenges. Tredence recently collaborated with one of India’s largest business conglomerates to drive strategic decision-making and improve operational efficiency through its AI/ML solutions. The company also empowers a leading healthcare provider to expedite clinical research processes and works with retail and CPG global capability centers to swiftly deploy domain-specific data models for accelerated data analytics.