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Old 12-11-2005   #1
AJ
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Microsoft to invest $1.7 bln in India

http://news.yahoo.com/s/nm/20051207/...NlYwN5bmNhdA--



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 - news) 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 - news) 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 - news) said this week it hoped to hire 4,500 graduates in India over the next two years."






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