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Sep 17, 2013, 10.07 PM IST | Source: CNBC-TV18

CA Technologies bets big on India; invests $60 mn

Keen on investing its market in India, IT management major CA Technologies invested USD 60 million to have product development centres. The company is bullish about its growth in the country.

One of the world's largest IT management companies, CA Technologies is eying India as its biggest product development centers. The company has invested around USD 60 million so far and remains bullish about its growth in the country, reports CNBC-TV18's Malvika Jain.

In his maiden visit to India after he took over the reins of the company, Nasdaq listed CA Technologies' new CEO Michael P. Gregoire, said that the fortune 500 company remains committed to India's growth story and would focus on hiring local engineers to remain cost effective.

"India is a big market for us, our biggest development center….  20 percent of our engineers are in India and this is also a big sales domain for us. Even though the economy has slowed a bit in India compared to the rest of the world, it is still growing considerably", says Michael P. Gregoire, Global CEO, CA Technologies.

Gregoire added, "we are focused on three things securing applications, infrastructure as well as application infrastructure, the monitoring of applications and we do it for mainframes, distributed in the cloud and when we look at the size of that market and what our skill sets are and the products that we have… I think we have got to focus is on building that strategy on a global basis."

CA Technologies has operations in Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Baroda. The IT major also intends to partner with NASSCOM to fund tech start ups in the country.

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