From skilling to innovation and hiring new talent, India remains one of the top growth markets for IBM, the company’s Chairman and CEO Arvind Krishna said here on Friday, adding that he is ready to help the Indian government build technology systems at scale and meet its digital trans formation goals.
Krishna who met Finance Minister Nirmala Sitharaman, Union Minister of State for IT Rajeev Chandrasekhar and Ashwini Vaishnav, Railways and Telecom Minister, during his India visit this week hailed the PM GatiShakti’ – a national master plan for multi-modal connectivity which is a digital platform to bring 16 ministries together for integrated planning and coordinated implementation of infrastructure connectivity projects. IBM is here to help the Indian government develop new-age technology systems at scale, especially for the PM GatiShakti initiative, and meet its digital transformation goals for the country,” Krishna said during a media interaction. IBM, one of the oldest tech companies, has entered a new digtal era in the pandemic with spinoff of its managed infra structure business as a new entity called Kyndryl, for which India is a big growth market. “The third quarter (Q3) IBM revenues in Asia did really well and India was a big part of it,” Krishna said, adding that 100 per cent of the company’s CSR activities now go into workforce development and skilling.
“We don’t just drive business value, we drive progress. I believe IBM is uniquely suited to be the catalyst of that progress for decades to come. “Globally, 70 per cent of IBM’s revenue will now come from software and consulting, higher value businesses that both saw strong growth in Q3 with consulting’s continued acceleration, and two-third of its software business on a recurring revenue basis.