Microsoft to invest $1.7 bln in India

[AJ]

http://news.yahoo.com/s/nm/20051207/bs_nm/india_microsoft_dc;_ylt=Ao8g0rpld7gwk8tTSnycEeGyBh IF;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--



Some intersting quotes from the read:

"The human resources here are really fantastic. Our employment growth here would be far more rapid than in the U.S."

"
Microsoft, the world's largest software maker, joins a host of companies drawn to India, where economic growth is expected to top 7 percent this fiscal year.

Chip maker Intel Corp. (Nasdaq:INTC (http://us.rd.yahoo.com/dailynews/finance/nm/bs_nm/storytext/india_microsoft_dc/17317421/*http://finance.yahoo.com/q?s=intc&d=t) - news (http://us.rd.yahoo.com/dailynews/biz/nm/bs_nm/storytext/india_microsoft_dc/17317421/*http://biz.yahoo.com/n/i/intc.html)) said on Monday it would pour $1.1 billion into its Indian operations in the medium term, including setting up a venture fund to take stakes in start-ups.

In October, communications equipment maker Cisco Systems Inc. (Nasdaq:CSCO (http://us.rd.yahoo.com/dailynews/finance/nm/bs_nm/storytext/india_microsoft_dc/17317421/*http://finance.yahoo.com/q?s=csco&d=t) - news (http://us.rd.yahoo.com/dailynews/biz/nm/bs_nm/storytext/india_microsoft_dc/17317421/*http://biz.yahoo.com/n/c/csco.html)) said it planned to invest $1.1 billion over the next three years and triple its staff numbers in India.

U.S. bank J.P. Morgan Chase & Co. (NYSE:JPM (http://us.rd.yahoo.com/dailynews/finance/nm/bs_nm/storytext/india_microsoft_dc/17317421/*http://finance.yahoo.com/q?s=jpm&d=t) - news (http://us.rd.yahoo.com/dailynews/biz/nm/bs_nm/storytext/india_microsoft_dc/17317421/*http://biz.yahoo.com/n/j/jpm.html)) said this week it hoped to hire 4,500 graduates in India over the next two years."






Thoughts?

[Speedfreak]

Well there are many many thoughts, but here are a couple. In this day and age where the world is getting smaller... meaning its a true world market now. And there are countries in this world who are extremely poor as a population. But when these same countries have a high percentage of highly educated people, who learn and are taught english(not saying how well:) ). It's was just a matter of time. In this world, and this economic market, price/cost is king. India will definately be a huge power in the years to come. But they are still NOTHING compared to what/how China is doing/growing. They will be the power of the world soon. Countries like ours, are resilient, the industries we dominate may change, but this is not the first time in our history that our ecconomy was challanged.

On a different note, considering I'm Indian, and have been there many times in my life. It is truely amazing to see the changes over the years. It is by all means a third world country. The poverty I see there, you can not imagine. The poverty is still there, but now there are little spots of progress and wealth popping up. I'm interested to see what happens in coming years.

[Steeltwo]

it tells me that i'm buying an AMD chip :-D



i think it is bs. i've had to talk with HP's india help desk and it is absolutly pointless.

not only do they not comprehend english very well, but their service was/is total crap. i've had a call into them for the past 2 months and I have not gotten the product replaced.

[Jakey]

Very intersting. John Deere is having serious troubles finding qualified Indian engineers to work in their Puna, India facility. They are currently in negotiations with the Department of Agricultural & Biosystems Engineering here at Iowa State to start a multi-year program in which John Deere would pay for schooling of their engineers over here and then the engineers would return to India after they have earned their B.S., M.S., or Ph.D.

[Kracka]

Outsourcing to other counties is a very important key for our own economical sucess, but it must be done with caution and care. I know Dell was having huge problems with their India-based representatives, but underwent massive restructuring to improve it.

[Speedfreak]

Yeah, I'm not sure the call centers are going to be a long term thing in India. But the programers/engineers etc. probably will be. NOt to mention other fields such as accounting, and Medical consulting/film reading.

[Steeltwo]

Outsourcing to other counties is a very important key for our own economical sucess, but it must be done with caution and care. I know Dell was having huge problems with their India-based representatives, but underwent massive restructuring to improve it.
the majority of dells tech support is located in Texas

but to be honest, that thick texas accent is probly just as bad as a indian accent.