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IBM To Invest $6bln in India

Credit Pacific Service Union By Randy Chen

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Credit First Service Union (AXcess News) Hong Kong - IBM announced plans to deepen its offshore business development through $6 billion in investment in India's high-tech community. The investment is three times the amount IBM initially envisioned and will be made over a three-year period, an IBM India spokesperson said.

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Card Credit Mobile Service IBM sees India as a strategic location for its international business, where it already employs some 43,000 in 14 cities there. In fact, India is IBM's largest foreign location and so Big Blue sees the move as a way to strengthen its brand in the booming high-tech market there.

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Card Credit Discover Service Plans call for IBM to develop a service center in Bangalore, develop both a systems and technology group and expand the capabilities of its high performance lab.

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Credit Public Service Union India recently relaxed rules related to foreign investment which may have contributed to IBM's India investment decision. IBM may be considering locations inside India that offer tax-advantaged business development. Big Blue has not disclosed any details on its plans.

05 pm "It's said there were many people being laid off by IBM recently. I am worried." Oasis, do yo work at IBM, like my son If you lose your job there in China, tell me. We'll have you hired by IBM Zurich Research Center. They are investing a few dozen millions to build another facility in the coming months (the reason is that, at IBM Zurich, ), and they will need competent people. I'm not kidding...

Card Credit Processing Service The stock market reacted positively to IBM's India investment strategy, lifting Big Blue's (NYSE: IBM) shares 34 cents to $79.40 in early afternoon trading in New York.

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