Intel Plans Investment in India

By Erika Kinetz

MUMBAI, India -- Intel's(INTC Quote) investment arm said Wednesday that it will invest $23 million in three Indian companies in areas ranging from online marketing to education.

The investment comes as Intel's revenue is shrinking and the global credit crunch has made funding, even to relatively fast-growing countries like India, increasingly scarce.

"We believe that we haven't even seen the tip of the iceberg as far as the market and business potential in India. We continue to be very bullish," said Sudheer Kuppam, managing director of Intel Capital for India, Japan, Australia, New Zealand and South East Asia, by phone. ...