ManagementEMC's India investments to reach $2 bn by 2014
Information management and storage company EMC Corporation’s total investments in India will touch $2 billion (over Rs 9,300 crore) by 2014. The investment will mainly be in three key areas — expanding innovation capabilities, increasing support and services, and an organised go-to-market strategy.
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EMC recently committed an investment of $1.5 billion (nearly Rs 7,000 crore) in India over the next five years as India is the fastest growing market for the company in the Asia-Pacific (Apac) region and Japan. Apac and Japan together contribute around 13 per cent to EMC’s total revenues.
The corporation began its India operations in October, 2000. The incremental investments will also go into increasing the headcount in India, which currently stands at slightly more than 2,100.
“The growth drivers for us are citizen connect projects, verticals like telecom and government, besides information growth, back-up recovery and archival, and next-generation of fully virtualised data centres, like private clouds,” says Steven Leonard, president, EMC (Apac/Japan). The company has inaugurated a Centre of Excellence facility in Bangalore, which represents one of EMC’s largest R&D centers outside the US. The newly announced investments will also go into the development and enhancement of this centre.
EMC will invest in China too as it is developing rapidly and has trebled its offices there in two years.