Moser Baer India Limited has entered into the information and web security solutions business, in a technological partnership with Germany's Giesecke and Devrient (G&D).
Yogesh Mathur, group CFO, Moser Baer India, in an interview with CNBC TV-18's Ekta Batra and Reema Tendulkar said the company expects the new business to increase its market share in solid state media business from the current 12%.The technology tie-up will enable the company to tap the market for data security solutions, he added.
Below is the verbatim transcript of the interview. Also watch the accompanying video.
Q: Can you tell us about the revenue potential of web and info and web security solutions and whether you already have any orders lined up? A: Our business area is actually solid state memory which is a part of the storage media business. That also plays a significant role in data management and the data fraud related market. Overall, the market which covers all forms of data is actually a very large market, internationally put together its like a billion dollar market. Obviously, there is a clear need in our country to upgrade our data security potential and capabilities. Since we have started to take a lead position in the solid sate media market, we have tied up with Giesecke and Devrient (G&D) who are our international technology provider. G&D is a German company which has a lot of capability in this area to provide data fraud security solutions for solid state. Q: Could you tell us any kind of prior committed orders that you have already got for this and what
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