Govt s 30 bn investments may create 9 lakh jobs IBM

Global software major International Business Machines' Chief Executive Samuel Palmisano believes Government's $30-billion information
technology investments may create over 900,000 jobs, a media report says.

"IBMs CEO Samuel Palmisano advised the Obama transition team last month that $30-billion in government investments in expanding broadband access, computerising healthcare records and improving the electrical grid could create over 900,000 jobs in the US," The Wall Street Journal said.

The presentation by IBM had come in response to a request from the Obama advisers for an analysis of the job-creation impact of IT investments, the report stated.

Palmisano had made the presentation at a conference with transition team members, including Carol Browner, who has been named the White House Coordinator of Energy and Climate policy and Julius Genachowski, a top technology adviser for the president-elect.

However, the report stated that it was unclear how much of the advice would be incorporated into a two-year stimulus plan that the Obama team and lawmakers are working on. Besides, Obama aides have said elements of the plan would include some traditional infrastructure spending and tax relief.

IBM's vice president for governmental programmes Chris Caine said that after the election, the Obama's transition team asked the company to provide analysis of whether investing in IT infrastructure could help stimulate job creation.

http://timesofindia.indiatimes.com/Business/Govts_30-bn_investments_may_create

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Govt s 30 bn investments may create 9 lakh jobs IBM