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Mahindra Satyam to invest US$240 million over three years

Indian global IT services company Mahindra Satyam will invest S$300 million (US$240) over three years in research and development and the majority of the investments will flow into the Asia Pacific region, said the company's CEO, C.P. Gurnani, at a media briefing today in Singapore.

The IT company that is awaiting government approval for its merger with Tech Mahindra is geared up for growth. We are bullish on our prospects and are expecting 30% growth from the Asia market, said Gurnani. 

Source: MIS Asia

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