IBM Corporation, the world's largest IT products and services firm, announced in Bangalore Tuesday that it would invest 6 billion U.S. dollars in India over the next three years, according to Indo-Asian News Service.

Addressing about 10,000 IBM employees at the company's 2006 Investor and Influencer briefing in Bangalore, chairman and CEO Samuel Palmisano said the investment would ensure that the Indian subsidiary would make the most of opportunities to grow in the market place and enable the firm to become a globally integrated company.

In the past three years, the company had invested 2 billion U.S. dollars in the country, the biggest investment by a multinational corporation in India in recent years.

The announcement was made in the presence of Indian President A. P.J. Abdul Kalam and IBM corporate leaders.

IBM India has about 45,000 employees across the country.

Source: Xinhua