6 Sources
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Kyndryl to invest $2.25 billion in India over three years
Aug 21 (Reuters) - Kyndryl (KD.N), opens new tab, the information technology services provider that was spun out of IBM (IBM.N), opens new tab, said on Thursday it would invest $2.25 billion in India over the next three years. Kyndryl, which has presence in the country, said its plans include
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Kyndryl to Invest $2.25 Bn in India Over 3 Years, Launch AI Lab & Skilling Programmes | AIM
The lab will also support projects aligned with the IndiaAI Mission, including governance transformation and digital public infrastructure. Kyndryl, a global technology services provider, announced plans on August 21 to invest $2.25 billion in India over the next three years. The investment will
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US IT firm Kyndryl to invest $2.25 billion in India over three years - The Economic Times
US-based IT firm Kyndryl plans to invest $2.25 billion, about Rs 19,600 crore, in India over the next three years with a focus on developing future-ready talent and establishing an AI laboratory, the company said on Thursday. The announcement came after Kyndryl Chairman and CEO Martin Schroeter
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Kyndryl to Invest $2.25 Billion in India Over Three Years
"India warmly welcomes global partners to explore the vast opportunities in our nation and collaborate with our talented youth to innovate and excel," said Prime Minister of India Shri Narendra Modi. "Together, we all can build solutions that not only benefit India but also contribute to global
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Kyndryl : continues to invest in India, with plans to spend $2.25 billion over three years
Kyndryl is establishing an AI Innovation Lab in Bengaluru to advance the company's AI-powered consulting services. The Lab will include data scientists, consultants, and professionals offering collaborative co-creation experiences to help businesses adopt and implement AI, software and platform
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Kyndryl to Invest $2.25 Billion in India for AI Lab, Talent Programs
Kyndryl Holdings, Inc. is an information technology (IT) infrastructure services provider, serving enterprise customers in more than 60 countries. The Company designs, builds, manages and modernizes the complex, mission-critical information systems. The Company's segments include United States,
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Kyndryl, a global IT services provider, announces a significant $2.25 billion investment in India over three years, emphasizing AI development, infrastructure modernization, and digital talent cultivation.
Kyndryl, the IT services provider spun out of IBM, has announced a substantial investment of $2.25 billion in India over the next three years
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. This significant commitment aims to modernize essential technology infrastructure, advance AI initiatives, and develop tech talent in the world's most populous country3
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Source: ET
A key component of Kyndryl's investment is the establishment of an AI Innovation Lab in Bengaluru. This lab will focus on co-creating solutions for businesses in areas such as AI, data, cloud, and platform engineering
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. The lab will include data scientists, consultants, and professionals offering collaborative co-creation experiences to help businesses adopt and implement AI-powered solutions5
.Kyndryl is deepening its engagement with the Indian government on AI-led initiatives. The company is signing a Memorandum of Understanding with the Ministry of Commerce & Industry on its Ease of Doing Business (EoDB) initiative, demonstrating how its AI platform, Kyndryl Bridge, can be applied to India's regulatory reform agenda
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Source: AIM
A significant portion of Kyndryl's investment is dedicated to developing IT talent and supporting digital training for approximately 200,000 Indian citizens
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. The company plans to establish offices in Tier 2 and Tier 3 cities to unlock high-potential talent and strengthen regional innovation ecosystems5
.Kyndryl is launching the Kyndryl Skilling program, which will expand access to advanced skilling courses, including DevSecOps, Cloud Operations, and Resilient Systems. This program will be integrated within the portal of the National Institute of Electronics & Information Technology (NIELIT) to upskill students and professionals in new technologies
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Kyndryl's investment is focused on strategic areas that will contribute to India's digital public infrastructure goals and long-term economic health, including AI, cybersecurity, and hybrid IT modernization
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. The company serves many of India's leading organizations across industries, including Bangalore International Airport, Canara Bank, Central Board of Direct Taxes, and the National Stock Exchange of India4
.Recent research by Kyndryl indicates that India leads in AI workforce readiness, with 37% of business leaders confident that their teams are fully prepared to adopt AI, well above the global average of 29%
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.The announcement of Kyndryl's investment came after a meeting between Kyndryl Chairman and CEO Martin Schroeter and Indian Prime Minister Narendra Modi. The Prime Minister welcomed the investment, stating, "India warmly welcomes global partners to explore the vast opportunities in our nation and collaborate with our talented youth to innovate and excel"
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.As Kyndryl continues to benefit from higher demand for its offerings due to a push into AI, this substantial investment in India positions the company to play a significant role in shaping the country's digital future and contributing to its economic growth
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