http://inhome.rediff.com/money/2005/dec/08india.htm
India booms: $10 billion in 11 weeks!
Business Standard Economy Bureau in New Delhi | December 08, 2005 10:30 IST
In the last 11 weeks, international information technology majors and non-resident Indians have announced investment plans of around $10 billion in the country.
In the last seven weeks, global players including Cisco, Intel, AMD and Microsoft have committed to investing $6.85 billion in India over the next three to five years. These investments span the entire gamut of IT services -- software, microprocessors and networking equipment.
Microsoft Corporation today announced its decision to invest $1.7 billion in India over the next four years. Earlier this week, Intel Corporation, the world's largest chip-maker, announced an investment package of $1.05 billion over the next five years.
To complete the loop, a consortium of Advanced Micro Devices (AMD) and SemIndia (a group of NRIs) and Indian Equipment Manufacturing company (another NRI consortium) announced plans to set up separate fabrication units.
Cisco Systems, the world's largest provider of networking equipment including routers and switches, had also recently announced an investment plan of $1.1 billion, the company's largest investment outside the United States.
The bulk of the investments made by the IT majors have been to strengthen their research and development activities in the country.
While half of Microsoft's investments will be used for the company's R&D centres, Cisco Systems will invest $750 million of its total $1.1-billion commitment on research centre.
Intel will also invest a significant part of its $1.05-billion investment on research centre.
Bill, move the whole works there. See ya.
After many years of vigorously advocating unlimited immigration of foreign IT workers, many from India, and outsourcing as much work as possible, Bill and his one-world, screw-the-U.S. cohorts in the elite upper managements of corporate America have succeeded in getting many Indians to learn IT skills. The thousands of IT jobs that used to offer a comfortable middle-class wage here are mostly gone now. No young American wants to get into the field, and understandably so. This does not bode well for our standard of living and our national security.