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IBM chief Palmisano meets PM
New Delhi: Samuel J Palmisano, chairman and CEO of IBM, the world's largest IT company and India's biggest MNC software exporter, on Monday met with Prime Minister, Manmohan Singh in order to discuss his company's India plans. He also held a video-conference with and IT and communications minister, Dayanidhi Maran from New Delhi.

Palmisano was on a four-day visit to India. He assured the government of IBM's full support on open source standards and e-governance. Officials of department of information technology and IBM will work together to set the modalities for open source support systems.

During his stay, he also visited the recently launched Global Service Delivery Centre (GSDC) of the company at Bangalore, which provides both local and global clients with command center services, data center services and IT help desk services.

IBM has been in India since 1992 and has approximately 23,000 employees, making it India's sixth largest IT employer. India is an important part of IBM's globally integrated company model and also a centre of excellence in a number of areas including business process outsourcing, delivery services, research and software development.

IBM's revenues from China, India, Brazil and Russia in 2004 grew more than 25% to US$4bn. In India, the growth was 45% year-on-year. In the first quarter of 2005, IBM recorded a growth of 18% in Brazil, Russia, India, China. In the second quarter, growth increased to 23%.
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