CoreEl is a 50:50 joint venture between Crompton Greaves and NRI Chetan Sanghvi. Nohria was in Pune to open the new facilites of CoreEl from where these new products are going to be developed. Three more products are going to be launched by year 2001. Yu Hao Lin, president of CoreEl, US, said the speed with which the team had delivered the design for the OC48 multiprotocol multiplex gives his company a headstart over companies such as Lucent and other competitors who are still figuring out what to do.

"We are now designing a product for traffic management which even Lucent does not have," Lin said. The company has invested $ 8 million in product development and is hoping to touch a turnover of around Rs 200 to Rs 250 crore at the end of three years following these product launches. CoreEl MicroSystems is developing highly integrated and scalable 2.5 Gbps (OC-48) and 10 Gbps (OC-192) communications and traffic management application specific standard products. A complete systems level solution to use its integrated circuit products is also being offered. The company is targeting the Core and Metro segments of the optical networking systems market.

Metro network operators have to be able to support a variety of different protocols, services and data rates required by their clients which involves high levels of cost for capital equipment. CoreEl would be offering a series of components that allow the equipment manufacturers to develop the scalable metropolitan multiservice platforms. For this the six-year-old company, CoreEL would be leveraging a portfolio of transmission and networking intellectual property it has developed. All the research, development and application engineering functions will be done from Pune and Bangalore. CoreEL Labs has set up a new 11,000 sq ft facility in Pune for pursuing this business.