|IBM to triple investment in India - IBM, india - Business - International Herald Tribune|
by ubernoir at 7:55 am EDT, Jun 6, 2006
IBM said Tuesday that it would triple its investment in India to $6 billion over the next three years as the South Asian country becomes a cornerstone in the global network of the largest computer services company in the world.
Sam Palmisano, the chairman and chief executive of IBM, said the investment would be used to build service delivery centers in Bangalore, India's technology hub, and create a telecommunications research and innovation center for IBM clients around the world.
Palmisano also said IBM would increase the number of its employees in Bangalore, but did not elaborate.
the developing world becomes the development world