IBM announces $6 billion investment in India
In the last hour: IBM CEO Samuel Palmisano said Tuesday that Big Blue will invest $6 billion in India over the next three years, tripling the $2 billion the company invested over the previous three years. The investment is the largest sum ever committed by a U.S. company to India. Last year Microsoft, Cisco Systems, and Intel announced investments totaling $3.9 billion. Read the rest of the article from the Red Herring web site HERE.
posted by Celia at 9:49 AM
1 Comments:
Yes a very good news. It is a great news that American Company IBM is investing in India. India is definitely a great country for IT companies to invest. It has huge manpower and the cost is cheap. Moreover, the educated class are very good in English.
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