CHENNAI:
VinCom
Inc, a US-based software services company having offices
in Minnesota and Michigan, has set up a wholly-owned subsidiary
in Coimbatore. The Indian start up has been initially
funded for about Rs. 50 lakhs by the parent company
- which has a tie up with Dhal Consulting Inc of Minnesota,
and SRC Systems of Georgia. A further investment of Rs.
3 crores will be brought in the next 3-4 months to
manage and promote the company's portals. The
company will launch two industry specific B2B portals for
the Indian castings/forging industry and the pump industry
-- www.indocastings.com and www.indopumps.com. These
portals will be virtual industrial complexes for the
concerned industries, and are planned to be fully functional
by the third quarter of this year, a company press release
said. - Our Bureau
