BIZCHINA / Overseas Investment |
New IBM centers opened(Shanghai Daily)Updated: 2006-11-01 14:15 International Business Machines Corp, the world's largest computer services company, has opened two software development centers in China and India, extending a push into emerging markets to lower wage costs. Programmers from the two facilities in Beijing and Pune, western India, will develop and manage business processes such as inventory tracking for clients, IBM said yesterday. The market for such services may expand to US$160 billion by 2008, the Armonk forecast. Chief Executive Officer Sam Palmisano in June said IBM would triple its investment in India to US$6 billion by 2009 as it seeks to reduce costs by shifting more jobs to the South Asian nation. (For more biz stories, please visit Industry Updates) |
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