India's US$60 billion (Dh220.37bn) information technology (IT) sector, considered the country's premier growth engine, is expected to grow to a $225bn industry by 2020. Between April 2000 and December last year, the sector attracted investments of about $10.6bn from domestic and foreign companies, according to the country's department of industrial policy and promotion.
Cognizant
The technology giant that reported a 40 per cent revenue growth last year over 2009 is set to invest more than $500 millionuntil 2014 to add almost 750,000 square metres of space to its campuses that will house more than 55,000 employees. It plans to create additional software development and training facilities in regions in Chennai, Pune, Coimbatore and Kolkata.
Syntel
The leading technology and outsourcing firm plans to invest $50m this year to set up a global development centre in Chennai to boost innovation in the company.
Kaspersky Lab
A leading developer of computer security solutions, Kaspersky Lab plans to invest $2m in its India operations at Hyderabad this year.
EMC Corporation
The global provider of storage hardware solutionsaims to boost its investments in India's technology sector to $2.01bn by 2014.
Patni Computer Systems
The technology solutions provider recently signed a five-year contract worth $32.09m with the IT services provider 2e2, based in the UK. Under the contract, Patni will provide a range of support services to 2e2's end-user clients and in-house support services.
Firstsource Solutions
The Mumbai-based business process outsourcing company last October signed a five-year outsourcing partnership for an undisclosed sum with Barclaycard, the UK-based credit card and consumer lending business.
* Source: India Brand Equity Foundation
