HOME
NEWS
BUSINESS
MOVIES
SPORTS
CRICKET
GET AHEAD
SHOPPING
rediff NewsApp
Rediff News
All News

NewsApp (Free)

Read news as it happens
Download NewsApp
Rediff.com  » Business » IBM plans to invest $6bn in India

IBM plans to invest $6bn in India

ShareComment
Text size:  A   A   A
June 06, 2006 11:46 IST

IBM said on Tuesday it plans to nearly triple its investments in India over the next three years to $6 billion.

"In the next three years, we will triple our investments in India from $2 billion over the last three years to nearly $6 billion," IBM Chairman and CEO Samuel J Palmisano said in Bangalore.

"That investment will ensure that we make the most of the opportunities to grow this market place, while it also enables IBM to fulfil its vision to become a globally integrated company", Palmisano said.

Palmisano spoke before 10,000 employees gathered in Bangalore and via satellite to thousands of other employes in Delhi, Mumbai, Kolkata and Pune.

With 43,000 employees in 14 cities across the world, India is one of IBM's important centres outside the US.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group

© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
ShareComment
It's free!

To get such articles in your inbox