Calcutta, Aug 29 :     Videsh Sanchar Nigam Ltd (VSNL) is setting up 15 software parks in the country with an investment of Rs 200 crore. A senior VSNL official said the software parks which will come up shortly, would be equipped with a full range of facilities pertaining to information technology. 'These software parks will be the most modern and equipped internet facilitators in the country,' the official said. The company is currently in the process of identifying the cities where these software parks will be set up. 'At least half of these parks would be set up during the current financial year itself,' the official said. These parks will contain all facilities required for software development. 'The software parks, for which an internal committee has been set up, will also provide international private lease lines to those who apply. Moreover, the people setting up centres in these parks will also receive the best possible technical and infrastructural support from VSNL,' he added. VSNL has also decided to acquire an additional 400 mbps of bandwidth at an investment of around Rs 250 crore. VSNL director Amitabh Kumar said the investment would be made to acquire additional capacity owing to the tremendous demand for bandwidth emerging in the country. 'We are expecting a further growth in demand and failure to be equipped with adequate capacity will result in a very large demand-supply gap,' he said. The company, which is the only public sector enterprise to be enlisted on an American bourse, has also decided to invest around Rs 150 to Rs 200 crore towards forming capital assets including earth stations. 'We need to invest around Rs 15 to Rs 20 crore for each earth station. While the funds are not a problem, we are in the process of ascertaining the demand, on the basis of which we will make the investment,' Kumar said. However, he added that the company did not have any plans to source funds from outside. 'We have adequate cash flows and we don't need outside funds, at least for the current investments,' he said. The company recently hiked its bandwidth capacity by over 100 per cent with an investment of over Rs 250 crore. Sources said VSNL was making every effort to make it less lucrative for private internet service providers to source bandwidth from the international circuit by setting up private gateways. The company is also considering a sharp reduction in bandwidth tariff besides an over-the-counter sale of bandwidth, they added.