Date:18/10/2005 URL: http://www.thehindubusinessline.com/2005/10/18/stories/2005101802540400.htm

Back Imation launches Indian subsidiary

Our Bureau

New Delhi , Oct. 17

US-BASED data storage media company Imation Corporation has announced the launch of its Indian subsidiary, as part of its efforts to increase market share in the country and enhance customer service support.

Imation India, with its headquarters in New Delhi, will have three other offices in Mumbai, Chennai and Kolkata.

"India is a growing and challenging market. IT literacy is proficient and leaps ahead of other Asean countries. With supportive Government and a liberal and conducive environment for foreign participation, we are eager to expand our foothold in India," said Ms Nancy Tan, Managing Director, Imation South Asia Region.

However, the company did not reveal the amount to be invested in the country.