View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 28, 1991


By CBR Staff Writer

IBM Corp preferred to commit hara kiri rather than submit to the Indian government’s demand that all local subsidiaries of foreign companies should be majority owned by local investors, and closed down IBM India Pte Ltd in 1977, saying that direct control from Armonk was essential for effective running of all its foreign operations. Now the company has reluctantly concluded that Armonk doesn’t always know best, and 13 years on, its IBM Brasil Ltda has formed the first joint venture computer company permitted by the Brazilian government. It will own a 40% stake in MC&A Sistemas Pessoais SA, while SID Informatica Ltda will have 60% of the new company, which has as its target winning 25% of the Brazilian computer market in the next five years. In Brazil, 49% is the maximum holding permitted to foreign companies in joint ventures.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.