Bangalore-based Kavveri Telecom Products plans to raise US$10 million to fund its inorganic growth plans for fiscal 2009 as well as to meet the capex needs of Rs. 8 crore.

Further company informs that the funds seeked can be gained through examination of private equity and debt funding via loans, though the later is more preferred.

Recently, the company has announced its plans to make a few more strategic acquisitions in the year ahead to widen its product portfolio and maximize geographical reach.

Kavveri Telecom Products Limited engages in the design, development, manufacture, and implementation of hardware products and solutions for telecom, and defense and space applications in India and internationally.

The company's global customer list includes OEMs and GSM/CDMA operators like Ericsson, Nokia-Siemens and Alcatel-Lucent, among others.

The company plans to use additional raised funds to carry out strategic acquisitions and strengthen existing operations of the company in Canada.