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Beijing, Oct. 21 — The world’s biggest technology company, Microsoft, has set a new target on its investment in India and is working on plans to tap into Indian markets.
The latest news came on the eve of Microsoft’s first investment in the country, a $3.3 billion deal announced by the company on Thursday.
The investment would bring a total value of more than $12 billion for Microsoft and will give the Indian company an annual revenue of $18.4 billion.
India has long been a Microsoft focus and the company has been keen to tap Indian companies to tap its global expertise in cloud computing and analytics.
The government has invested in infrastructure, such as roads and water supply, that could help Microsoft become more dominant in the Indian market.
Microsoft has said it would invest $5 billion in India in 2019.
Microsoft will also create two new digital technology teams to help build its Indian operations, Microsoft India CEO Vishal Sikka said.
He said the Indian companies will be supported by a “global workforce,” including software engineers, developers, and other experts.
The company’s Indian investment comes a day after it announced a new $7 billion investment in South Korea, a deal that was first reported by The Wall Street Journal.