TIMELINE-The rise of multinational IT in India

Thu Jul 9, 2009 7:33am EDT
 
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July 9 (Reuters) - Multinational companies have been setting up information technology operations in India for more than 20 years. Following are some highlights of the move:

1988

-- Intel (INTC.O) starts its Indian operations by setting up a sales office in Bangalore.

1989

-- Hewlett-Packard (HPQ.N) begins R&D work in India.

1993

-- Oracle (ORCL.O), one of the first multinationals to set up an Indian back-office operation, launches a wholly owned subsidiary in India to develop its software programs.

1994

-- Oracle opens India Development Center in Bangalore.

1997

-- GE Capital International Services (GECIS) starts back-office services operation, providing services such as finance and accounting, call centers, insurance claims processing, analytics, customer training and IT services.

1998

-- Computer software giant Microsoft Corp (MSFT.O) starts operations at a software development center in Hyderabad.

-- Motorola Inc (MOT.N) invests $3.5 million to set up a design centre in Gurgaon, outside New Delhi. Four years later it announces the establishment of a software development center in Bangalore at a cost of $13 million.

-- Bangalore-based Intel India Development Centre, its largest non-manufacturing site outside of the U.S., commences operations.  Continued...

 

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