Tuesday, October 04, 2005

India/Foreign Media Giants/Springer


IndianTelevision: Springer to commence media business publishing from India

"The world's second largest player in publishing technical articles with a 10 per cent global market share and the largest in books with a 25 per cent market share – Germany’s Springer Science Business to Business (SSB2B) is bullish on India."

"SSB2B, one of the leaders in scientific, technical and medical (STM) publishing is making its presence in India through two entities - Springer (India) in Delhi and Scientific Publishing Services in Chennai. Today, SSB2B CEO Haank announced that India would continue to play a strategic role in the STM market as well as in business process outsourcing."

"Currently, 25 per cent of SSB2B's 5000 strong labour force is in India, and the company plans to increase India’s share to 50 per cent of their global projected work force over the next few years, even if this means job cuts for their European and American labor force. “We have not taken it upon ourselves to subsidise the German economy, we have a responsibility to our share-holders”, said Hank during a press conference in Bangalore."

No comments: