Advantech Expands its Global Reach into World's Fastest-Growing Economy - India
(Cincinnati, Ohio - 11/8/2005) - Advantech, the leading ePlatform service provider, is pleased to announce the official opening of Advantech India (Advantech Co. Singapore Pte Ltd - India Branch). The branch is located in Bangalore City which is known as the Silicon Valley of India. The official opening ceremony of Advantech India (AIN) was hosted by Mr. David Soon (Regional Managing Director of Advantech Singapore, South Asia Pacific Headquarters) on September 5th, 2005.
In 2002, Advantech Singapore first began development into India. By 2003, Advantech Singapore selected its first local resident sales manager to promote Advantech as the trusted ePlatform service provider.
In February 2005, Advantech Co. Ltd decided to make AIN a regional business unit to further develop India markets. Management representatives from Advantech Co. Ltd, Mr. Henry Lee (Vice President Asia ePlatform Services) and Mr. Howard Lin (Vice President Asia eAutomation Services) were instrumental in AIN's development. The India team has now expanded from a home set-up office to an office premise.
Elaborating on the expansion into the India market, Mr. David Soon (Regional Managing Director of Advantech Singapore, South Asia Pacific Headquarters) said, "India is the fourth largest economy, as shown in the recent studies of GDP ranking, and we should be able to play a major part contributing to the growth of the India industry. Singapore-India Free Trade Agreement (FTA) and Comprehensive Economic Cooperation Agreement (CECA) will be advantageous in long run. Timing is perfect to capitalize on the various trade benefits and increase our presence in India."
Mr. Satish Allampalli (General Manager of Advantech Singapore, South Asia Pacific Headquarters) commented that Advantech's focus is on hardware while India has the perfect complementary software abilities on solutions. "This is a real benefit to the India industry. It will be an ideal match." He added.
About Advantech India (AIN)
Advantech Singapore is the regional supporting hub for AIN's logistics, investments, and business development activities.
With the current team strength of four, AIN hopes to increase its members' strength to seven by year end. The ePlatform services are headed by Mr. Arul Mani (Sales Manager with 18 years of Indian industry experience in MNC) and automation services by Mr. Balaji CM (Channel Sales Manager with 17 years experience in Indian industry).
Handling the technical support is Mr. Vijay Kumar (Technical Manager with 14 years in MNC). They are all supported by Ms. Sheetal Kora (Marketing Executive).
The focus of this team is to create awareness, training, support channels, Key System Integrators, OEMs and to build-up software abilities to support Advantech hardware is one of their key priorities.
Advantech Co., Ltd. is the global leader in industrial computing industry. It is dedicated to long-term brand building, and providing customized platform design and development to customers. The company assists system integrators to provide multiple value-added solutions and services to meet customer needs in different areas. Advantech offers more than five hundred products and solutions, including motion control, measurements, communication, embedded computing, industrial motherboards, applied computing, and peripherals. Advantech's current market capital is approximately US$1 billion dollars. The estimated worldwide consolidated revenue is over US$400 million dollars. The Company has more than 2000 employees, and has operation in sixteen countries and thirty-five cities worldwide.
