Evoma to invest $ 200 mn India

Bangalore, July 17 (UNI) Evoma, the Emergent Business Incubator, providing an integrated ecosystem for launching businesses, proposes to invest USD 200 million in the next five years to establish Business Incubation Centres in India, Evoma founder Ashok Vohra said today.

Talking to newspersons here he said the company's first Business Incubation Centre would be opened on July 22 in the city. Four such centres would be opened within next eight months. These include one in Mysore and Sakaleshpura in Karnataka and in Chennai, Tamil Nadu.

and talks were already in progress with the respective state governments.

''Within the next five years, Evoma would have business biosphere in major metros all over India. The company was in the process of establishing associations in several developed countries.'' Evoma had established synergies with the Karnataka Udyog Mitra.

He said the 1,50,000 square ft facility at Bangalore would boast of a 66 room luxury hotel, 80 fully serviced offices, training and function rooms, video conferencing facilities, high bandwidth internet access, bar, coffee shop, restaurant and garden banquet facilities for a 1,000 people.

UNI