Expanding its wings, the Cambridge University Press has decided to enter the Indian market with the acquisition of 51% stake in New Delhi based Foundation Books at an investment of around 6 million dollars.

According to Chief Executive of Cambridge University Press Stephen Bourne, the new entity from the tie-up, Cambridge University Press India Pvt Ltd (CUPI) will become a base for publishing quality educational materials for many countries in Asia.

Cambridge University Press which specializes in text books of the graduate and post graduate level and research based books on different subjects is roping in academicians to bring out more books. At present it publishes 2500 titles a year. Foundation Books at present publishes the Journal of India Foreign Affairs and with the tie-up in place CUPI plans to launch more journals from India.