EInfochips opens third Design Centre in Ahmedabad
Ahmedabad, Apr 14: eInfochips, provider of electronic design services to global blue-chip technology companies, today opened its third design centre in the city.
This design centre is set up with an investment of dollar one million and spread over 15,000 sq feet. It will house 170 design engineers taking the total number of engineers to 480, said, eInfochips president and CEO Praful Shroff here today.
Talking to mediapersons here, Mr Shroff said, the eInfochips has executed over 150 complex chip design and verification and system design projects for customers across the globe.
He said, the Indian market for design services is currently estimated at dollar 3.2 billion and is expected to grow to dollar 15 billion by 2010.
eInfochips is gearing up to leverage this opportunity and grow at 80 per cent year to year, Mr Shroff added.
The company is targeting a revenue of dollar 18 million in 2006-07 from dollar 10 million registered in 2005-06.
''We have a two-pronged growth strategy. First is our entry into new markets in Asia-Pacific. Countries like Japan, Korea, Taiwan are large centres of electronic manufacture and consumers of chip. We plan to tap these and win new customers,'' Mr Shroff added.