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IBM's employee base in India hits 73,000
By siliconindia
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Tuesday, 18 December 2007, 00:44 IST
Boston: No sign of relenting IBM's expansion in India. Almost a 40 percent leap from last year, the technology company has revealed that it now has 73,000 employees in India.
IBM did not provide updated figures for its work force in the U.S. However, at the end of 2006, it had 355,766 employees worldwide.
If the total has risen by the same rate as in 2006, almost one in five IBM workers now is in India, its second-largest centre.
Like many other technology providers, IBM has rushed to take advantage of the lower labor costs that India offers even for highly skilled workers. IBM's base in India numbered only 9,000 people in 2003. However, it was about 53,000 last year.
IBM has been stressing not only on the lower expense of working in India but also the potential of the Indian market. Last week, IBM executives told visiting Indian journalists that the company expected to see revenue from the Indian market increased to nearly $1 billion this year, from $700 million in 2006.
IBM is also ramping up in other key developing markets. Its Chairman and chief executive, Sam Palmisano, recently formed a new organization that will spur IBM's investment in emerging economies.