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IBM plans to invest $6bn in India

Source: PTI
June 06, 2006 11:46 IST
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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.

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