AOL announced that it will be expanding by launching Hindi and Tamil language versions of its Indian portal in an attempt to increase its market share with India’s rapidly growing online audience. According to CEO Randy Falco, AOL is extending its reach into seven new countries this year while globalizing product development efforts. By the end of next year, AOL will have a presence in 30 countries. India is seen as one of the fastest growing Internet communities, and the Indian government has made broadband penetration a high-priority. Industry experts say that it could surpass the U.S. by 2009.
