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EMC to Invest USD 1.5 Billion in India
The announcement also marks the opening of the company’s largest R&D center outside U.S in Bangalore, India NC News Network, September 10, 2009


EMC has recently announced its decision to invest an incremental USD $1.5 billion in India over the next five years (2010-2014). The announcement also marks the opening of the company’s largest R&D center outside U.S in Bangalore, India.

 

The new state-of-the-art LEED Gold green certified facility joins together research and development (R&D) and EMC Global Services organizations from four separate locations across two cities into one campus to form a centralized Centre of Excellence (COE) in India. The new campus is nearly three times larger than the previous facility with almost 500,000 square feet of usable office space and also features a state-of-the-art Customer Briefing Center which will enable customer and partner briefings by the EMC India COE technical teams.

 

"India offers tremendous opportunities in innovation and market potential," said David Goulden, Executive Vice President and Chief Financial Officer, EMC. “In these economic times leaders get stronger by their ability to make smart investments.  Our commitment of $1.5 billion over the next five years illustrates the important role India will play in the company’s long-term strategic APJ and global growth plans.  The India COE will be responsible in helping EMC deliver more innovative, industry-leading products and services in the hottest technology areas in IT that meet our customers’ most pressing needs.”

 

Sarv Saravanan, Vice President and Managing Director, India Centre of Excellence, EMC re-iterated this view by describing the investment as an important milestone in  EMC’s journey to have world-class R&D and services organizations located in India. He further explained that the new campus will provide a state-of-the-art facility that will help EMC attract quality talent to drive innovation and growth out of India. The consolidation of EMC’s R&D, Global Services and other technical groups into one location would provide increased value to both EMC’s customers and partners.



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