AND Chief Executive Officer Maarten Oldenhof says “India has always been of strategic interest to us, with its largely untapped Location Based Services market. It represents a growing opportunity for us. This Joint Venture now gives us the increased thrust in the region, give more value to our customers.”
SatNav Technologies will get access to the best mapping technologies in the world from AND and upgrade their Indian map IP in line with the standards followed worldwide. AND will get access to SatNav’s map data of India. It is exhaustive, covering over 1000 cities and millions of point of interest apart from a comprehensive highway network. The Joint Venture can also be used to do in-house, work that earlier used to be outsourced to other companies in the country.
Amit Kishore Prasad, Founder MD & CEO, SatNav Technologies said, “This is a very strategic Joint Venture which will herald the beginning of SatNav’s efforts at integrating with the global GPS markets.” Read More