Altium has announced plans to open a number of local sales and marketing offices.
"Altium, which supplies crucial electronic products to aerospace, defence and other industries around the globe, will open its sales and marketing offices in Mumbai, Bangalore or New Delhi within two months," pledged the VP of worldwide operations, Andre Pravaz.
Pravaz also explained that the company expected to significantly increase its market share in both India and China.
"In the next two to three years we are planning to have multiple fold growth both in India and China. Offices in China are doing well and we expect similar growth in India as electronic innovative design products and embedded software are in great demand."
It should be noted that Altium has designated Digital China as a key distributor of its unified electronics design solutions, including Designer and NanoBoard.
"Altium's unified architecture provides designers with a much-improved design environment that is more flexible, and which lets them bring designs to market much quicker. We see Altium Designer consolidating its position as the standard electronics design tool in China into the future," said Li Sheng-Li of Digital China.
A number of international companies have stepped up their activity in China, including Intel Capital. According to Cadol Cheung, the recently-established $500 million China technology fund has already invested in six mainland companies.
"We think innovation is the way to help companies out of this financial crisis. We have no plan of slowing down our investment pace. In this environment, companies will revert back to existing investors more, because it is more difficult to get external financing," explained Cheung.
Intel Capital, which recorded a $2.3 billion portfolio in June 2008, made less than five per cent of its investments outside the US in 1998. However, offshore investments had risen to 37 per cent by 2007.
At least a third of Intel Capital's total investment is located in Asia, particularly in China, Taiwan and Korea. X
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