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IBM to Invest USD 6 Bln in India

Computer services company IBM has announced it plans to invest nearly USD 6 billion in India over three years.

IBM said it plans to expand its services, software, hardware and research businesses in India, where it already is the largest multinational company with 43,000 employees in 14 cities, up from 4,900 in 2002.

"India and other emerging economies are an increasingly important part of IBM's global success," Samuel Palmisano, the firm's chairman and chief executive said.

IBM had earlier invested USD 2 billion over the past three years, making the investment the biggest by a multinational firm in India in recent years.

IBM had earlier invested USD 2 billion over the past three years, making the investment the biggest by a multinational firm in India in recent years. It dwarfs the USD 3.9 billion combined investment announced last year for India by three U.S.-based companies - Microsoft Corp., Intel Corp. and Cisco Systems Inc.

IBM's plans in India include centres to automate information technology services and provide clients with "one-stop shopping" for hardware information and products.

IBM also will develop a telecommunications research and innovation centre at its laboratory in Delhi and establish a hub linking IBM consultants, developers, engineers and researchers.


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