Over the next three years IBM expects to nearly triple its investment in India, raising its stake from nearly $2 billion over the past three years to almost $6 billion in the next three.
IBM Chairman and CEO Samuel J. Palmisano announced the investment move while speaking in Bangalore at the largest-ever gathering of IBM employees in India. With more than 43,000 employees in 14 cities, India is IBM’s largest country organization outside the U.S.
"India and other emerging economies are an increasingly important part of IBM's global success," Palmisano said. "If you are not here in India, making the right investments and finding and developing the best employees and business partners, then you won't be able to combine the skills and expertise here with skills and expertise from around the world, in ways that can help our clients be successful. I'm here today to say that IBM is not going to miss this opportunity. In the next three years, we will triple our investment in India -- from $2 billion over the last three years to nearly $6 billion in the next three years. That investment will ensure that we make the most of the opportunities to grow this marketplace, while it also enables IBM to fulfill its vision to become a globally integrated company."
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IBM Chairman and CEO Announces Plans to Triple Investment in India over Next Three Years (press release)