India's Essar plans more Philippine investment | ZDNet

▤ Summary

Anshuman Ruia, Essars director and founder, told reporters Wednesday the acquisition is just one of the series of investments the company will make in the Philippines. Specifically, Ruia cited the Philippines power, telecom and construction sectors, as possible investment sites for Essar, which is currently worth some US$20 billion. Aparup Sengupta, global CEO and managing director of Aegis, said: "We have emotionally, economically and culturally integrated the company in a very short time." The combine entity clocked approximately US$500 million in revenues last year and has a global headcount of 32,000. Aegis-PeopleSupport plans to expand its resources in the country, aiming to train some 2,000 potential workers each month.

▦ Linked Companies