Outsourcing bandwagon continues - Compact Disc India today plans a US$110 million Multimedia Knowledge Park in Northern India.
Kiran Chaube
Sep. 5, 2005

The outsourcing bandwagon continues in full swing.

According to media sources, Compact Disc India Ltd today announced it will set up a US$110 million Multimedia Knowledge Park in Northern India.

The state-of-the-art park complex will span 10 acres and will have four identical multi-storey business towers, each covering an area of 200,000 sq.ft and an exhibition centre equipped with modern facilities, the company informed the Bombay Stock Exchange.

With a capital outlay of Rs 5000 million ($US113.7 million), the park would help generate 15,000 jobs besides employing many more people indirectly.

For this purpose, the company has held talks with a number of investors and international organisations willing to invest in the Knowledge Park and also mulled over the feasibility of various locations, it said.

Compact Disc would use its own facility to develope and create 2D/3D animation, multimedia & special effects for films, corporate presentations, gaming and mobiles in this knowledge park.

The company's studio would feature latest animation production equipments such as workstations from renowned manufacturers like SGI and Compaq and solution providers like Alias/Wave front, Discreet logic, Autodesk, Cambridge Animation, Avid, Kodak would provide the software.

The Knowledge Park would be made available to organisations globally to establish thrust sector industries, especially in the field of Information Technology (software and hardware), data processing, multimedia production, digital entertainments, electronics, telecommunications, computer robotics and allied business, it added.

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Kiran Chaube
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