Report: Google to Invest an Additional $1B in India
A financial report by Bear Stearns analysts sees the search engine king expanding its operations in Hyderabad, but some uncertainties remain.Google could be planning to invest as much as an additional $1 billion in India, according to a Bear Stearns research report. The research report, released Aug. 11, claims that the Mountain View, Calif., search engine giant is interested in investing in the city of Hyderabad, one of the largest urban areas in India and an emerging hub of IT and biotechnology.
"Google is planning to invest an additional $1 billion in India beyond its current investment in its R&D center in Bangalore," said Robert Peck of Bear Stearns. "Our conversation with the company indicated that Google is definitely interested in investing in Hyderabad but unable to confirm the amount of investment, which could be significantly lower."