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March 15, 1998

CYBERTECH TO UP INDIA INVESTMENT

By CBR Staff Writer

Cybertech International Corp plans to increase its investment in India in Bombay-based Cybertech Systems and Software Ltd. The Indian unit, in which Cybertech has a minority stake, is on an expansion spree – it is building a $5m R&D center near Bombay and a $7.6m software complex in the southern city of Hyderabad. The company will take a majority stake in the Indian unit, and will use its resources for offshore SAP implementation and Year 2000 conversion work.

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