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IBM plans $6B investment in India

Posted: 08 Jun 2006 ?? ?Print Version ?Bookmark and Share

Keywords:invest? IBM? Sam Palmisano? investor conference? telecom research center?

IBM Corp. plans to invest about $6 billion in India over the next three years, as "India and other emerging economies [become] an increasingly important part of IBM's global success," Sam Palmisano, IBM's chairman and chief executive officer, said June 6.

Palmisano made the comments at a two-day IBM investor conference in Bangalore, the first such conference the company has held outside the United States.

The new funding will go toward establishing a telecom research center here and expanding all of IBM's Indian operations, including software, hardware, research and services.

With roughly 40,000 employees in India, IBM is the largest global IT company operating in the country, outscoring its rivals by a wide margin. The company invested about $2 billion in India over the past three years and established a computing research lab here last year.

- K.C. Krishnadas
EE Times

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