Corporate Updates

SRIT forms a Joint Venture HealthCare ICT Company in China

Sobha Renaissance Information Technology (SRIT), a Bangalore based global software products and solutions provider, recently announced the setting up of a joint venture (JV) company in China called Sunpa Sobha Software (China) Ltd with ‘Yunnan Sunpa Image Tel Tech Co. Ltd (Sunpa)’ as its JV partner. Headquartered in Kunming, Sunpa Sobha Software (China) Ltd. will have operating branches in Beijing, Shanghai, Guangzhou, and Shenzhen. This is SRIT’s first JV foray into the Chinese Market and possibly the first JV between the two countries in the realm of Healthcare ICT (Information & Communications Technology). Sunpa is a world-class telemedicine ‘Products, Solutions and Services’ company that develops, integrates and produces a series of patented equipment & peripherals for Telemedicine, PACS and Tele-education. They ute key projects under the Chinese Government’s National Hi-tech Development Program, and are recipients of their Central Government’s second best award among the top-100 state-level prize-winning hi-tech projects. Dr. Madhu Nambiar, Founder, MD & CEO SRIT has reportedly said that although the initial capitalization of the joint-venture is US$ 1 million, the joint-venture estimates increase of capitalization to US$20million in the next couple of years.

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