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Tuesday, May 09, 2006

IBM: India and China Will Help Us Grow

Instead of feeling threatened by the growing power of India and China, IBM sees these countries as an important factor in the growth of their company. The company is focusing a portion of its efforts on these countries as they seem to be the next big centers of commerce and change.

According to Michael Cannon-Brookes, vice president for business development in China and India, "Five years from now, these two markets will be even more important than they currently are for the company. The markets themselves are growing very rapidly, and they (will) remain two major engines of growth for the world economy in five to 10 years."

With the low cost of working out of India and its new importance in the world, IBM is taking advantage of the situation. They have made India their new hub for selling software and offering services. In addition, both countries offer growing populations of persons with advanced skills to fill important technical positions.

Learn more about IBM's view of these two countries in the full article (link above).

Submitted by Computer Consulting Kit