Microsoft to invest $400M in India
Bill Gates continues to drop cash in India during his short visit, this time on software development, according to this Dow Jones story in the Wall Street Journal (subscription required):
Microsoft Corp. Chairman Bill Gates pledged to spend $400 million on software and business development in India over the next three years, in the company's largest investment in nonmanufacturing activities outside the U.S.
"We've been constantly increasing our activities in India," Mr. Gates said at a news conference here. "Leaving aside manufacturing, this is the largest set of investments done outside the U.S."
Microsoft, which operates in India through its wholly owned unit, Microsoft Corp. India Pvt. Ltd., sources software for its global customers from local technology-services companies.