IBM moots large new investment in India

BANGALORE - IBM,

the world's biggest computer services firm, is going to announce a large new

investment in India, a source close to the development told Reuters.

"It is going to be one of the largest investments made by a tech company

in India," the source, who did not wish to be identified, told Reuters.

No further details were given.

International Business Machines Corp., based in Armonk, New York, is already

the biggest multinational employer in Asia's third-largest economy with 42,000

staff on its pay roll, up from 4,900 in 2002.