By SARITHA RAI - New York Times: "Microsoft will invest $1.7 billion in India over the next four years and nearly double its employee ranks in the nation, its chairman, Bill Gates, said Wednesday.
Mr. Gates's announcement was the third in a recent spate of $1 billion investments proposed by technology multinationals in India.
About half of Microsoft's investment is to go toward expanding its existing research and development center, enlarging its global software delivery center and opening retail outlets in 33 Indian cities.
"We have about 4,000 people; we would be growing that by over 3,000 in the next several years," Mr. Gates said in New Delhi at the start of a four-day visit to India.
Western technology corporations have been aggressive in investing in India to tap its pool of technically skilled English-speaking workers, who earn about a fifth of the pay of comparable American workers. "
Thursday, December 08, 2005
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