IBM Lab more than makes up for Kitex exit: Industries Minister P Rajeeve

THIRUVANANTHAPURAM: Kerala received Rs 600 crore as salary from the IBM Kochi Software Lab, three times more than that provided by the Telangana unit of apparel manufacturer Kitex Group, Industries Minister P Rajeeve has said.

The minister was speaking after inaugurating the first phase and portal of the Mission 1000 project of the industries department. IBM’s investment in Kochi provides highly-paid jobs in areas like artificial intelligence.