6 June 2006 – Bangalore (IND): IBM has announced plans to invest almost $6 billion in India over the next three years.
The world’s largest computer services company said it planned to increase its software, hardware and research businesses in the country, where it currently employs 43,000 workers in 14 cities.
The company’s chairman and CEO Samuel Palmisano, told a meeting of more than 10,000 employees in Bangalore that "India and other emerging economies are an increasingly important part of IBM’s total success".
IBM is already the largest multinational firm in the country after investing $2 billion over the past three years. This latest announcement sees the development of a telecommunications research and innovation centre at its laboratory in Delhi.