Recruit.net to invest $3 million in India

Monday, 27 November 2006 - 2:18pm IST | Agency: PTI
The HK based job search portal will invest about three million dollars over the next year in India to set up a software development facility.

NEW DELHI: Hong-Kong based job search portal Recruit.net will invest about three million dollars over the next year in India to set up a software development facility and also expand its presence in the country.


"We will invest 1.5 million dollars to set up a software development facility cum sales and marketing office in Bangalore. The facility will be operational by the end of the first quarter of 2007. The rest of the amount will be used in expanding our presence in the country," Recruit.net Founder Maneck Mohan said.


To tap the market here, it has recently launched its India specific job portal 'Recruit.net India'. The search engine will index job listings around India from multiple sources including job recruitment sites, newspapers, companies and executive firms and enable job seekers to instantly search multiple sites.


"The Indian market is witnessing an unprecedented robustness on the job market front. The portal has been well received in its trial period here with about 200,000 jobs listing in the last one month," he said.


We have already indexed corporate pages of 400 Indian companies on our site from various sectors, which will definitely increase in the near future, Mohan added.


It has partnered with US-based Direct Employees Association, which comprises of about 200 leading companies including IBM, HP, Dell and it will give Indian jobseekers direct access to search jobs in these MNCs through our portal, he said.




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