IBM global financing to help small companies in India grow

IBM announced that it will offer interest free financing on IBM software
products. Credit-qualified businesses can acquire this interest-free financing
in India through IBM Global Financing, the company’s lending and leasing

According to the most recent census data, small and medium businesses in India
employ almost 60 million people spread over 26 million enterprises. In terms of
economic value, this represents about 45 percent of the manufacturing output
and around 40 percent of total exports of India.

“In the current economic climate, companies need significant support to
help fuel the Indian economic engine,” said Sapan Jain, vice president, IBM
Global Financing, India/South Asia.

“IBM is committed to India’s growth and this offer will help companies thrive
in an increasingly competitive environment. By providing financial resources,
small companies will be able to innovate and grow faster,” Jain added.

IBM Global Financing is offering 0 percent financing on IBM Software purchases
through December 31, 2011. 

For a client to determine their quarterly payments, they simply can take the
total of their IBM Software purchase and divide by four.  The program is
designed to help spur innovation and drive economic growth by making capital
and credit more easily accessible.

IBM had earlier this year announced the availability of US$1 billion in
financing, targeted directly at SMBs globally. This initiative will enable
mid-market companies to take advantage of advanced technologies such as
business analytics, robust network security and cloud, capabilities which have
previously only been accessible to large enterprise customers.

By Team
[email protected]