Buy and Sell for Free! Tuesday, March 14, 2000
fesub.gif (4328 bytes)
Full Story
 Intel IT update
fe.gif (834 bytes)
India's first e-business paper
flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
cyber laws industry
-
 

Murdoch makes News -- Star TV plans second base in Karnataka 

Mini K Joseph & Kavita Rajasekhar  
Bangalore, Mar 13: Media monarch Rupert Murdoch is looking at Bangalore, as one of the key destinations for investments in India for Star TV and other software ventures.

The Star Television channel will locate a second base in Karnataka, besides outsourcing software for its new electronic commerce and multimedia initiatives, News Corp chairman Murdoch announced today.

Murdoch was in the city to explore investment opportunities and, following his meeting on Monday morning with Karnataka chief minister SM Krishna, said that he was keen on expanding his Star TV production network in the country for which Bangalore would be one of the key centres after Mumbai.

Murdoch said his group would make large investments in India to expand the network. The expansion plans would include the introduction of six main Indian language TV channels besides its foray into IT and multimedia, education, data and commerce initiatives that are expected to commence by April, he said.

According to Krishna, Murdoch felt thatBangalore (with its developed IT sector) was an ideal place for a second base especially since Mumbai was already overcrowded. The state government would offer all necessary assistance for Murdoch's ventures in the state, he said.

``The technology and the talent is available here and this is where the action is,'' Murdoch said.

Krishna admitted that Murdoch's announcement would give a major boost to the city drawing worldwide attention. ``I am satisfied with the discussions we had,'' he added.

However, sources in the chief minister's office said the media moghul was ``not very specific'' about his plans for Karnataka in general and Bangalore in particular. ``He did not discuss any specific plans with CM and he only informed the CM about his interest in the state,'' the sources said.During his stay in the city, Murdoch also visited the offices of various information technology companies, including Infosys Technologies Limited, Wipro and Microland.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.