Mixed response to IBM’s Indian investment

Nature : A US$6 billion by IBM in India over the next three years has sentripples of excitement through the nation’s emerging information-technology industry. The announcement came during a 6 June visit toIndia by IBM chairman Samuel Palmisano. IBM currently has 43,000employees in Indiaâmdash; by far its largest contingent outside the UnitedStates and analysts are now wondering just how many skilled, high-value jobs âmdash; including research positions âmdash; will move from Europe andthe United States to the subcontinent as part of this investment.Smaller Indian owned companies and government research labs however,worry that IBM’s investment will cause a drain of their best staff,and wages to rise.