"India lies at the forefront in many aspects of IT. Local knowledge and understanding the Indian culture is key to success in India. By establishing a local office, we increase our presence and move closer to our customers, thereby better fulfilling the business opportunities of the Indian market", says Ray Mauritsson, President of Axis Communications.
Located in Bangalore, the main objective for the new office is to serve the Indian market. Bangalore is in the heart of the booming Indian economy, and one of the fastest expanding cities in India, often called the Indian Silicon Valley.
"We see great potential within the transportation and retail sectors. More people travel throughout the country, leading to upgrading of large facilities such as railway stations and airports. The growing economy also leads to higher household incomes, which in turn generates new shopping malls and other large retail stores and hence business opportunities for network video business", says OhTee Lee, Regional Manager South Asia Pacific, Axis Communications.