Frost & Sullivan to invest RM500mil in Iskandar
30 Aug 2012 The Star
NUSAJAYA: Frost & Sullivan is committed to invest over RM500mil in Iskandar Malaysia over the next seven years and employ 830 staff by 2020.
Global president and managing partner Aroop Zutshi said the company made the right decision to set up an office in Iskandar Malaysia largely due to its good long term growth.
He said another main reason was Iskandar Malaysia’s close proximity to Singapore which provided the best of both worlds for the company.
“It is only appropriate for us to be here to be part of the developments in Iskandar Malaysia,” Zutshi said at a press conference yesterday at the opening of the Frost & Sullivan Global Innovation Centre (GIC) of Excellence here.
He said the Iskandar Malaysia offered good prospects for the company as Asia would be the next growth centre in the world with many megatrends likely to take place in this part of the world.
Among those present at the event were the Malaysian Investment Development Authority (Mida) chief executive officer Datuk Noharuddin Nordin and Iskandar Regional Development Authority chief executive officer Datuk Ismail Ibrahim.
Zutshi said after being in Malaysia for 12 years with an office in Kuala Lumpur, the company was optimistic that the next growth centre would be Iskandar Malaysia.
The Frost & Sullivan office in Kuala Lumpur is the largest outside India with close to 130 employees. “The development of GIC Iskandar Malaysia will be a real game changer for the future of the company,” he said.
Zutshi added that the GIC here would serve the company’s global operations and offices, providing opportunities for local employees to work on global projects.