Business
The house that Faqir Chand Kohli built
In the late 1960s, Kohl’s decision to form a joint venture (JV) with Burroughs enabled TCS to import and distribute Burroughs computers. Burroughs had also agreed to sell them the B1728 “small computer”, which was to facilitate TCS ‘training of engineers in programming and writing software applications that could be used to sell software services in foreign markets. . Worse still, illustrating unpredictable policy changes, just a day after TCS Burroughs successfully imported the mainframe, the financial budget announced a dramatic reduction in computer import duties from 101.25% to 60%.