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July - 2006 - issue > In Focus
The Beginning, Not the End
si Team
IBM chairman and chief executive Sam Palmisano, who addressed the company’s 10,000 employees in Bangalore in early May 2006, said the Indian investment would become the cornerstone in the global operations of the Armonk, New York based company.
Palmisano said the investment would be used to build service delivery centers in Bangalore, (the epicenter of the Indian IT industry,) and create a telecommunications research and innovation hub for IBM clients around the world.
The proposed investments would also mean IBM would hire more people in India. In the past three years, IBM has invested more than $2 billion, and hired more than 30,000 people in India, taking its staff in the country from 9,000 to 42,000 today. About half of that workforce is employed in IBM’s BPO division, IBM Daksh. Its workforce in India is the firm’s largest outside the U.S.
Palmisano met with the analysts to brief them on IBM’s work in India and its global plans for next year, an annual talk held outside the U.S. for the first time.
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