Online Indian portal company Sify Technologies Limited (NASDAQ:SIFY) made a proposal to lie undersea cables connecting Delhi and Singapore. Raju Vegesna, Chairman and Managing Director at Sify said that the discussions are currently in beginning stages.
Sify also currently has an agreement with Middle East based submarine cable company Gulf Bridge International for laying undersea cables to India.
Sify has a growing interest in cloud platforms as they have launched a new service called Sify Mylife. Sify Mylife will allow consumers to go to cyber cafes and pay utility bills, book travel tickets, download music and movies, etc. The portal company partnered with about 20 other companies for this initiative. [India Times]