Infosys Technologies Limited, the second largest exporter of IT services, is planning to invest around Rs 120 crore at its facility in Mahindra World City, Maraimalai Nagar, 45kms from Chennai. The proposed investment is to expand company’s existing facility in the special economic zone. The company had said exports from this centre rose by 43 per cent.
Wednesday, June 30, 2010
Tuesday, June 29, 2010
How Americans benefit by bonding with India
The popular perception is that companies in India are taking jobs away from Americans but the numbers on the ground tell a different story.
In the last five years alone, 90 Indian companies have created 16,576 jobs in the US by investing $5.5 billion in new companies and saved over 40,000 jobs by making 372 acquisitions and investing $21 billion (for 272 deals).
In the last five years alone, 90 Indian companies have created 16,576 jobs in the US by investing $5.5 billion in new companies and saved over 40,000 jobs by making 372 acquisitions and investing $21 billion (for 272 deals).
Need to make India a hub of innovation: Som Mittal
The National Association of Software and Services Companies (Nasscom) has chalked out a five-point agenda to drive the Indian information technology industry for several years.
While going beyond core markets such as the US and Europe for business tops the agenda, Nasscom will continue to project India as a “sustainable and trusted” destination for IT outsourcing among global customers, according to the association President, Mr Som Mittal.
While going beyond core markets such as the US and Europe for business tops the agenda, Nasscom will continue to project India as a “sustainable and trusted” destination for IT outsourcing among global customers, according to the association President, Mr Som Mittal.
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