Merging two entities of IBM

Posted by | May 16, 2003 | Business | No Comments

IBM is merging two of its entities in India. The IBM Global Services India, and IBM India. Both these would be called as IBM Global Services, India. IGSI totally is employing about 4700 employees totally and this number is expected to go up considerably. IGSI would be seeking Government approvals to issue equities and preference shares to shareholders. IGSI would be part of the IBM world Trade Corporation. IGSI would be in charge of a whole new segment of manufacturing, servicing, marketing of computers and its product. IGSI would pose a threat to the reigning IT industries of the market which are Wipro and Infosys.

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