Google could be planning to invest as much as an additional $1 billion in India, according to a Bear Stearns research report.
The research report, released Aug. 11, claims that the Mountain View, Calif., search engine giant is interested in investing in the city of Hyderabad, one of the largest urban areas in India and an emerging hub of IT and biotechnology.
“Google is planning to invest an additional $1 billion in India beyond its current investment in its R&D center in Bangalore,” said Robert Peck of Bear Stearns. “Our conversation with the company indicated that Google is definitely interested in investing in Hyderabad but unable to confirm the amount of investment, which could be significantly lower.”
The research paper, titled “Google to Spend $1 Billion in India?” is based, in part, on an article that appeared in one of India’s leading business daily papers,
In the research paper, Peck wrote that there is some uncertainty about the time frame for the investment. The paper calculates that Google’s research and development and capital expenses during a five-year period from 2007 to 2011 will total somewhere between $12.7 billion and $17.8 billion.
Read the full story on eWEEK.com: Report: Google to Invest an Additional $1B in India
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