The Singapore-based FTD Technology Pvt Ltd plans to expand the operations of its Bangalore-based subsidiary, Future Techno Design Pvt Ltd (FTD), with more investments, and by hiring more people. | |
| FTD, with around 100 engineers in Bangalore, is a specialist in software tools for IC design involving VLSI and ASIC. |
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| In February last year, it set up a "dedicated centre of excellence", SoCrates Software India Ltd, in Bangalore that would do embedded software work for the $40 billion Japanese electronic products company Toshiba Corporation. SoCrates has around 200 engineers. |
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| Mohan Loke, chief executive officer of FTD (India), said the company would increase the employee strength in both FTD and at SoCrates. |
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| By October this year, around 50 engineers would be hired to work for SoCrates and by December, another 100 would be taken on board. |
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| Most of the $4.5 million for setting up SoCrates came from Toshiba. SoCrates would primarily execute projects for the $6 billion Toshiba Semiconductor Company, a subsidiary of the parent company, in the areas of wireless technologies, mixed signals, and analog signals. |
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| The two former senior officials from Toshiba and another Japanese conglomerate Hitachi, visited FTD. At a press meet, they said that their former employers, who now retained them as 'advisors', were looking to opportunities to set up specialist bases in India. |
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