News: IBM more than doubles headcount in India

(IANS 21/03/2007) New Delhi - Expanding its presence in India, US-based global IT major IBM has more than doubled its headcount to over 50,000 employees in the country in two years, the firm said. "IBM has more than doubled the number of staff it employs in India over the past two years, to more than 50,000 workers," said a statement here. "This investment means that one in six of IBM's workers is now based in India," it added. The firm, which recently opened a research and development centre in Bangalore, has also announced upgradation of its India research laboratory based in New Delhi, as part of its expansion plans. "IBM Research has been in India for about 10 years, and we are committed to innovation that matters, for our company and for the world," said Dan Dias, director, IBM India Research Laboratory. "This is evident from the fact that no other company has the resources committed to innovation that IBM does - $5-6 billion a year invested in R&D," Dias added. He said the company now has more than 3,000 scientists in its eight research labs across the world.