India still IBM's fastest growing country | india | Hindustan Times
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India still IBM's fastest growing country

india Updated: Feb 01, 2007 17:37 IST

IT major IBM clocked a growth of 37 per cent year-on-year in 2006, in India led by servers, storage, software and services, a company official said on Thursday.

"IBM has seen more than 30 per cent year-on-year growth in India in the last four years. Market has grown 14-15 per cent. We have grown more than twice the market," Regional General Manager, IBM India/South Asia Shanker Annaswamy said in Bagalore.

The headcount of the company in India, has grown 38 per cent, from 38,500 in 2005 to 53,000 as on January one this year. "IBM is the biggest MNC software exporter in India," he said. Annaswamy said IBM Daksh has grown 200 per cent in the last three years, and it now has 20,000 employees.

Discussing plans for 2007, he said investments in education will remain a key focus. "We will extend the Kidsmart programme and University Relations initiatives across India, and create unique opportunities for our employees to contribute to social causes through volunteer and grants programmes," Annaswamy said.

IBM India said the company imparted training on open standards based technologies to more than 80,000 students in over 745 colleges in India during 2006. Besides, its "Great Mind Challenge" saw participation from over 700 colleges involving 21,000 students and 3,900 faculty from 24 States.

The company said in March this year, it will host its Global Innovation Outlook (GIO) 3.0 summit in Mumbai, which would focus on identifying emerging business, technology and social trends that will lead to thought leadership and collaborative commercial opportunities for IBM, its clients and its partners.