Spice Corp (India) chooses Singapore for their Global Office
14 August 2008
The St Regis, Singapore

Spice Corp (India) chooses Singapore for their Global Office

Dr BK Modi Global Chairman Spice Group

Spice Corp, a leading business group from India –pioneers of the “Mobile Ecosystem” comprising of Mobile Handsets, Mobile Contents & VAS, Managed Services, Large Format Mobile Retail Stores, Films and Entertainment Centres has chosen Singapore for its global businesses. The group will serve relevant markets through Spice Global with immediate focus on Mobile Handsets and Mobile Value Added Services (M-VAS).

“We have chosen Singapore because of its advantages in providing excellent infrastructure, talented workforce, a conducive policy and business environment, strong business links with India as well as with the rest of Asia. Singapore is an ideal hub from where one reaches out to a large geographic and demographic domain.” said Dr. B.K. Modi, Global Chairman, Spice Group. Singapore is a perfect gateway by linking India to the world.

Spice’s expansion is in-line with the global mobile trends. The search for continuing growth has shifted from more mature markets in Europe and North America to Asia, Latin America, Africa and the Middle East. Asia is the largest growth contributor to the global subscriber base, which stands at around 3 billion users. Recent statistics show that by 2011, Asia is expected to capture more than 50% of the global mobile subscriber base.

Spice plan to roll out its collaboration with telecom partners in the region in stages, with Spice Global spearheading this initiative. The company is exploring the possibility of setting up a Product Development Centre, which will help customize it s current offerings according to specific needs of local market in the region.

“It is our ambition to enhance and develop innovative Mobile Value Added Services to help our telecom customers and partners in this region to maximize their revenue potential. We also strongly believe that the growing mobile subscriber base will fuel the demand for mobile devices- which we hope to cater to through our technology – rich handsets.” said Mr. Parikshit Bhasin, Group President, Global Business and Alliances who is now known as one of the pioneers of change in the mobile device industry. Mr Bhasin came onboard in early 2008 with 25 years of varied experience in various global markets and has been entrusted with established and enhancing the global presence of Spice across the various verticals of business being identified for globalization.

Spice is a diversified Indian conglomerate operating across Communication and Entertainment sectors with a 30 year history in technology, automation, IT and telecoms in India. With group valuations exceeding US$1.5 Billion, the group’s business include Mobile GSM Services, Mobile Handsets., Mobile Retail, Mobile VAS, Voice-based BPO services and Entertainment Plazas with offices across London, New York, Beverly Hills, Shenzhen, Dubai, Singapore, Mumbai and New Delhi.

In conclusion, Spice has planned to invest US$200 million to spice up the mobile phone and entertainment industry in Singapore and will begin showcasing 12 of their unique and stylish mobile phones price ranges from US$20 – US$400 in various international markets soon.

Edited by Eugene Tang. Information and Photo Courtesy of Spice Corp. All Rights Reserved.