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The $5.3-billion software major Co-mputer Associates (CA) yesterday announced a 50:50 venture with Esco-soft, the software arm of Escorts, to develop solutions for telecommunications and healthcare segments in India.

According to Charles B Wang, chairman and CEO of CA, the new joint venture was part of the $100-million investment package for India announced by the company in 1997, which would include acquisitions and strategic alliances.

Wang said that the growth strategy of CA in India would be through acquisitions and internal growth.

"We have grown worldwide through internal developments and acquisitions. I am not ruling out this