From http://infotech.indiatimes.com/Enterprise-IT/Software–Services/How-IBM-is-hurting-TCS-Infy-Wipro/articleshow/msid-4385374,curpg-1.cms
International Business Machines Corp is expanding in India and grabbing enough customers to take the top spot in the country’s domesti
c information technology market from local rivals.While Tata Consultancy Services and Infosys Technologies have won over US companies with cheaper labor and low capital costs, IBM snapped up contracts with some of India’s largest companies, such as wireless carrier Bharti Airtel.
The strategy will yield dividends for IBM over time as India’s economy thrives, Kaufman Bros.’s Karl Keirstead said.“They’ve beaten their competition relatively handily,” said the New York-based analyst, who pointed to IBM’s brand name and experience as draws for potential clients. “There’s a cachet in using IBM.”
IBM has hired more than 70,000 employees in India, taking advantage of the “hyper-growth” there by helping domestic companies develop infrastructure, said Sandip Patel, managing partner for services in the country. IBM also may attract new customers from India’s Satyam Computer Services, embroiled in the nation’s largest accounting scandal.
The writing is on the wall now for these companies. IBM has tasted blood now and it will go for the final kill. The ultimate form of revenge by American companies who lost jobs to Indian companies and now are playing the same game to give them a taste of their own medicine
