India IT News Capsule - June 2006, Issue 8

  • 4.3 million IT jobs in India by 2010: India is right on target the NASSCOM-McKinsey prediction of meeting $60 billion IT exports by 2010. This in turn would create 4.3 million ( 43 lakh ) IT jobs in India. The exports stood at $11.5 billion in 2005-06.
  • SeaGate planning R&D centre in India: The largest manufacturer of hard disks, SeaGate is contemplating setting up a research and development centre in India, given the huge growing market and human talent available.
  • Mobile users to treble in India in the next 3-5 years: Bharti Airtel, one of India's leading cellular service providers has predicted that the number of cellular subscribers in India would treble by 2011 to reach 300 million (30 crores) from the current 100 million.
  • HMT to set up tech centers in Zimbabwe: Hindustan Motors Limited will set up two tech centers in Zimbabwe at Harare and Bulawayo. The project estimated at 225 million rupees will be primarily to develop infrastructure for small and medium firms in that country.
  • EMC to double investment in India: EMC the enterprise level data management giant has announced a decision to double its investment in India to $500 million by 2010. It also plans to double its current workforce of 1600 in India.

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