IBM is Spending 6 Billion USD For Indian OperationsBy Angsuman Chakraborty, Gaea News Network
Tuesday, June 6, 2006
IBM is spending 6 billion USD in the next three years to extend and improve its Indian operations. In the last three years IBM has already spent 2 billion dollars in India.
IBM chief executive and chairman Sam Palmisano, speaking in Bangalore, said: “India and other emerging economies are increasingly (becoming) important part of IBM’s global success. IBM is not going to miss that opportunity.”
IBM will use the money to develop a telecoms research centre in Delhi. The idea is that IBM will be able to offer businesses “one-stop-shopping” for software, services and hardware.