New Delhi, Aug 16 :
New Delhi, Aug 16:
Pentasoft Technologies Ltd has put off its plans to move its CD-ROM manufacturing unit to Dubai from the export processing zone (EPZ) in Chennai.
PentaMedia Graphics Ltd, a multimedia authoring tool, had plans to shift its manufacturing unit to Dubai because the salinity in Chennai was not conducive for maintaining quality in CD-ROMs.
Sources in ministry for information technology confirmed that the company had 'plans to shift its CD-ROM factory to Dubai due to environmental constraints in India.'
Company sources said, 'We were exploring many areas within and outside the country since experts had said that salinity brings down the life of CDs. We have undertaken an intensive study on this issue and soon the decision would be taken based on the report. But no final decision has been taken. The officials in Dubai also delayed in giving necessary approval.'
Meanwhile, Pentasoft Middle East, a wholly-owned subsidiary of Pentasoft Technologies Ltd, is likely to set up a base in the Dubai Internet City through one of its two entities - Pentasoft and 3CRC.
Pentasoft has already set up office in Dubai and 3CRC Middle East is a new company focused on development of computer aided design/computer aided management (CAD/CAM) and GIS software solutions and services.
'It is yet to be decided which of the two companies will be set up in the Dubai Internet City,' sources said.
The company is also exploring the market to enter partnerships with local companies in the region.
'Initially, we will focus on UAE, Oman and Bahrain. We are also talking to local companies in Kuwait and Qatar. We already have tieups with Bahrain, Hitech, to develop software solutions,' sources said.
Pentasoft had recently tied up with Dubai- based Interactive Technologies, specialists in e-commerce applications, web designing and Internet consulting to front-end business.
For Interactive, Pentasoft has created an offshore development centre in Chennai with
dedicated resources including manpower.
Pentasoft Technologies Limited registered a 467 per cent jump in net profit for first quarter ended June 30, 2000 at Rs 29.99 crore as against Rs 5.29 crore for the corresponding quarter last year.
The company has been assessed at SEI CMM level 4 by KPMG Consultancy Pvt Ltd. The Company has established a
software development centre in Secunderabad, Andhra Pradesh. It has also taken up around
100,000 sq. ft in Tidel Park, Tamil Nadu.