Arvind Padmanabhan/IANS
NEW DELHI: Contrary to the general perception that India had forced US IT giant IBM toexit the country in 1977, evidence shows that the governmen
t was not only keen to retain the company but had also held secret parleys for that with the company's top brass in the US, says a new book.
The closed-door talks with IBM were piloted by the then Electronics Commission led by senior technocrat N Seshagiri, says the detailed account of the IBM era in the book, entitled "The Long Revolution: The Birth and Growth of India's IT Industry".
Authored by senior science and technology writer Dinesh C Sharma, the book says there was a stalemate in the official talks with IBM India to recast its Indian operations to fall in line with a new law -- the Foreign Exchange Regulation Act.
It was for this reason that the chairman of the Electronics Commission and secretary in the Department of Electronics, MGK Menon, had deputed Seshagiri to open an informal dialogue with IBM top brass in America.
Read full story at:http://infotech.indiatimes.com/News/India_didnt_throw_out_IBM/articleshow/4285785.cms
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