SIs face dearth of quality manpower

Moser Baer India has entered into a technology license
agreement with HP to manufac-ture optical media using ‘Light-Scribe’
technology. According to the company, as one of the first media companies
collaborating with HP on the deployment of Light-Scribe technology, Moser Baer
is working to enhance the manufactu-ring, functionality and appeal of customized
recordable and rewritable optical media for professional, commercial and
consumer applications. This is for the first time that Moser Baer has entered
into such a type of agreement, after raising over Rs 650 crore from foreign
institutional investors early this week.

To make room for a higher FII stake, the company’s
directors have also cleared a propo-sal to raise the limit of FII holding in the
company from 40 percent to 74 percent. A 100 percent FII holding is permitted in
the sector. At present, FIIs like Warburg Pincus, Int-ernational Finance
Corporation and JF Electra hold a 29 percent stake in the company.

The board has also given its nod to a proposal to incre-ase
the company’s authorized share capital from Rs 110 crore to Rs 150 crore. The
company now plans to invest more money in expanding its recordable DVD
manufacturing capacity. Moser Baer’s DVD manufacturing unit, commissioned in
2002, has an installed capacity of 1.5 million DVDs a year.

CyberMedia News Service

Mumbai