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March 30, 1998

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Gemplus to invest $20 m in next three years

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Good reason to believe the smart card revolution is nigh in India. Gemplus, which has 60 per cent of the smart card and plastic card market worldwide, is investing $ 20 million in India.

The money, to come in over three years, will fund research at the company's Bangalore unit, which is working on smart-card chip operating systems and software products supporting them. The R&D centre in place, at the
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International Tech Park, Bangalore, has 30 personnel, a number expected to double soon. It is particularly focussing on the material for the Asia-Pacific region.

Gemplus India Pvt Ltd is a wholly-owned subsidiary of the Gemplus group and is planning to ride piggy-back on the fast-growing smart-card industry in the Asia-Pacific region, with plans even for a smart card manufacturing unit in India before 2000. Targeted areas include banking, telecom, medical facilities and transport.

Gemplus expects the Asia-Pacific region will account for over a third of the world's smart card market by that time. Already, company sources said, the Indian market was opening up, a good augury for the company's chances.

-Compiled from the Indian media

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