IBM to invest in Madurai, Tiruchi, Jamshedpur, Raipur, Surat and Guwahati by 2013

IBM, the global technology giant has decided to invest an amount of Rs, 2,500 crores, around $500 million for its geographic expansion initiative in India, according to a report by CNBC-TV18.

The technology major is already present in around 22 cities in India and now they are planning to expand the number by a further 25 more cities by 2013. The company would probably divide the investment in two phases. For the first phase, IBM would invest Rs 1,100 crores while the rest of the investment would come later.

Recently, the company has opened a branch office in Coimbatore. By expanding a branch in Coimbatore, the company aims to bring all its services and products including hardware, software, and other services to the city.

"Some of the cities that IBM would be expanding to in the next two years would include Madurai, Tiruchi, Jamshedpur,Raipur, Surat, and Guwahati," said Mehrotra in a media statement.