Just about everything in IBM Corp’s world has changed since it pulled out of India in 1977 rather than sell 60% of the equity to local interests – not least its antipathy to joint ventures, and the company is now in talks with giant conglomerate Tata Sons & Co Pte Ltd – already co-owner of Tata Unisys Ltd – about a joint venture on making PS/2s and establishing a development lab. Initial investment is suggested to be $10m from each side, with the total put at as much as $400m. The venture would also manufacture parts for IBM’s Singapore factory.
