America Online (AOL), the world's largest Internet access provider, will invest $100 million in India over the next five years to offer Internet-related services. By year-end it plans to employ more than 100 engineers in India to develop new generation software products for Web-browsing software maker Netscape Communications Corp and its parent AOL.
The company official said it was too premature to comment on whether AOL plans to launch its Internet access service in India. AOL, a wholly owned subsidiary of AOL Time Warner Inc, is the world leader in interactive services, Web brands, Internet technologies and e-commerce services. It will provide the Internet services through Netscape Communications India Pvt. Ltd., a wholly-owned AOL subsidiary based in Bangalore, India's high-technology capital.