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Net4India takes 50% in BharatSamachar

Our Bureau

NEW DELHI, Sept. 6

THE Delhi-based Internet solutions and service provider, Net4India, has acquired a 50 per cent stake in Internet magazine, BharatSamachar.com, for $2.5 millions.

According to Mr. Jasjit Sawhney, CEO of Net4India, this investment in BharatSamachar.com is the first in a series of acquisitions planned by the company, which has set aside $11 millions for strategic investments in this year.

``We have an investment outlay of Rs. 100 crores. Of this, Rs. 35 crores would go towards technology upgradations such as gateways and data centres and Rs. 15 crores for marketing and brand building and the rest for our fostering ventures,'' Mr. Sawhney said.

Under the fostering initiative, Net4India would nurture Internet-related business and services by providing them necessary support, he added.

BharatSamachar.com, based in Delhi, claims to be India's first exclusive Internet magazine. Launched in 1996, the site claims to get about 500,000 hits per month, 96 per cent of which come from overseas Indians.

With this investment from Net4India, the netzine now plans to beef up its presence in the country by adding news gathering teams and building its brand presence.

Net4India offers Internet access, domain registration, Web hosting, server colocation, Web design and consultancy services. It plans to set up three international gateways and more data centres, Mr. Sawhney said.

Pic.: Mr.Jasjit Sawhney, CEO,, Net4India, at a press meet in the Capital on Wednesday.