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    South Asia
     Jun 8, 2006
IBM invests US$6bn in India

BANGALORE - IBM will triple its investment in India to nearly US$6 billion in the next three years, its chairman and CEO Samuel J Palmisano announced as he expressed bullishness on the company's growth prospects in the country and praised the staff's contribution.

"In the next three years, we will triple our investment in India - from US$2 billion over the last three years to US$6 billion," Palmisano told the largest-ever gathering of IBM employees in India.

"That investment will ensure that we make the most of the opportunities to grow this market, while it also enables IBM to fulfill its vision to become a global integrated company," he said in front of 10,000 employees and via satellite to thousands of other employees in Delhi, Mumbai, Kolkata and Pune.

Present at the meeting on the sprawling Palace Grounds were president A P J Abdul Kalam and chairman and group managing director of Bharti Enterprises, Sunil Bharti Mittal.

As part of its increased investment in India, IBM is establishing the first in a new breed of service delivery centers, and creating the IBM systems and technology group (STG) innovation, development and executive briefing center here and locating a telecommunications research and innovation center at India Research Lab, among others.

(PTI/Asia Pulse)



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