Await Indian edition of Nature magazine
Macmillan plans to publish its internationally-reputed magazine Nature from India.
BY A CORRESPONDENT
April 26, 2005: The world-renowned Nature magazine will be published from India soon. This was announced by Macmillan India in Bangalore on Saturday, April 24. Macmillan is also looking for potential acquisition targets in the publishing and BPO space in India, Macmillan India chairman and Macmillan UK chief executive Richard Charkin said.
"The nature India edition will be out in months," Richard Charkin said. The Indian edition of Nature will help scientists get their work published here, besides getting them exposed to the western world. We will start with an electronic format and eventually have a printed edition," Charkin said. Macmillan India is also planning to recruit staff for the magazine in India.
"We want to work with scientists and well-known names in biotechnology, pharma companies, scientists and related institutions here. Our aim is to help reach Indian science and its writings to the world," Mr Richard Charkin said.
The Nature publishing group is the scientific publishing division of Macmillan UK. It combines Nature research journals, nature reviews, NPC academic journals and nature clinical practice journals, providing information for the basic biological and physical sciences.
According to Mr Rajiv Beri, Macmillan India managing director, the unit is expected to earn $4 million this year.
Macmillan wants to tap India's talent in English language, scientific know-how, institutional resources and printing skills.
Even now, Macmillan India has a significant outsourced business for typesetting, data coding and converting editorial services to global publishers. Piggybacking this strength, Macmillan India plans to boost its investment and set up its science journals, including the popular magazine Nature in India.
Inaugurating Macmillan's new typesetting facility, Mr Charkin said the unit was set up in line with Macmillan's strategy to become a major supplier of books and reference typesetting.
Macmillan has been operating in India for over a century, focussing on publishing educational material. Macmillan India has become the company's principal source for information processing and software development. Also, it has an annual growth rate of 20 per cent as against 3 per cent by other arms of the global company. Macmillan India earned revenue of Rs 120 crore, of which Rs 77 crore includes export earnings through information processing.
BY A CORRESPONDENT