AVEVA software firm moves in on China and India nuclear markets

AVEVA software nuclear markets China India

The UK-based engineering software firm AVEVA is making a play to get in on the action in the Chinese and Indian nuclear sectors, Business Weekly reports.

“We continue to invest in positioning AVEVA for future growth in both China and India, particularly with respect to new nuclear infrastructure investment,” CEO Richard Longdon said in a statement Wednesday.

A major global engineering data and design IT system provider, AVEVA has seen strong growth around the world, including in Brazil where the firm reportedly won coveted contracts related to fossil fuel extraction.

“A fundamental driver of this remains the growing complexity and scale of projects,” Longdon said, “which continues to necessitate that a greater proportion of capital expenditure is spent on detailed engineering design, and consequently increases demand for our market-leading software tools.”

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