- IBM Global Services, Bangalore, has bagged a 10-year project from AT&T. More than 5,000 people could be working on this project.
- Sun Microsystems has identified its Indian operations as one of the top five locations with potential to earn over $1 billion revenue over the next five years. Its manpower in India may increase from 400 to 4,000 in the coming years.
- Cisco has bought 29 acres of land in Bangalore and plans to invest Rs 900 crore over the next few years in expanding operations.
One Nation's Meat…
In a bizarre twist, September 11 and the recession in the US economy is turning out to be good news for the Indian infotech sector
- HSBC plans to hire 1,400 people for software development and IT-enabled services.
- GE plans to invest $800 million in IT and expects software exports from India to rise to $3 billion by 2004 with software outsourcing expected to account for a third of the export targets.
- Intel is investing $25 million in India for a technology development centre in Bangalore and could expand engineering staff by 50 per cent.
- Computer Science Corporation is setting up development centres in Noida and Hyderabad with a staff strength of 400 people.
- Accenture, which recently started its new technology development facility in Mumbai, plans to expand.
- Consultancy firm Cap Gemini Ernst & Young is planning to set up its second software development centre in India, which will double its employee strength.
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