US publishing group to invest 20 million dollars in India

US-based newspaper and magazine publisher International Data Group said on Tuesday it planned to invest 20 million dollars over five years to set up an Indian office. "When set up, IDG India will function as a full-service hub for IDG's global publications, including the launch of a pioneering magazine on outsourcing targeted for distribution worldwide," said David Hill, president of international publishing services, IDG. He said the firm's new content services and publishing office would be set up in India's southern technology hub of Bangalore with a staff of 200. Hill added that IDG India would focus on the fast developing Indian economy and "deliver up-to-date information to the rest of the world." The privately-held company, with offices in 50 countries, clocked revenues of 2.46 billion dollars last year. IDG publishes more than 300 magazines and newspapers, including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World, and PC World. It also produces computer-related events worldwide including LinuxWorld Conference and Expo, MacWorld Conference and Expo.

Source: Agence France Presse

For more information, please contact:
Howard Sholkin
howard_sholkin@idg.com
617-239-7882