Yokogawa Blue Star's foray into software

By Our Staff Reporter

BANGALORE, MAY 30. Yokogawa Blue Star, the Rs. 150-crore leading industrial automation company, is entering the software field. It is setting up a wholly owned subsidiary, Plant-Centric Technologies, for this purpose to offer services in extended enterprise applications market for the process industry.

Announcing this to presspersons, the newly nominated chairman of the Bangalore-based company, Mr. Sumiyo Egawa, said as the business models were driven by technology, solution providers with vertical focus had sustainable competitive advantage in this market. For Yokogawa, India is a major market and the company hopes to achieve a Rs. 50-crore business in the next three years.

Asked about the new joint venture, Mr. J. P. Singh, Managing Director, said ``we are still working out the modalities including the equity structure and investment pattern. The investment is likely to be in the region of Rs. 10 crores. We can now add value to our customers' business through the p- centric.com initiative. It has set up an office in the U.S. to market IT solutions".

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Section  : Business
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