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Kyndryl looks to build on $350billion India IT opportunity

Kyndryl Inc., an IBM spinoff that recently listed on the Nasdaq, sees India as a big opportunity for talent acquisition as well as business growth, according to its chief executive. Kyndryl’s Chairman and CEO Martin Schroeter is bullish on prospects of India’s digital economy going forward, given how the payments and internet ecosystem has grown over the past few years.
“India’s IT industry is expected to grow by about 70% within the next five years, climbing to a total annual revenue that’s somewhere between $300-350 billion, according to McKinsey,” Kyndryl’s Chairman and CEO Martin Schroeter said at the opening of the Bengaluru Tech Summit 2021. “The opportunities that this creates sit at the very foundation of Kyndryl and our roles as trusted partners to the people and enterprises here.”
“Through the cutting edge and innovative work we do in India, we are helping our customers transform industries and make a big impact on the betterment of society,” Schroeter said. “And we’re committed to doing our part as a responsible corporate citizen. So our stake in India is clear.”

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