Storage solutions provider EMC has announced that it will invest $1.5 billion (approximately Rs 7,500 crore) in India over the next five years. This is a three-fold increase when compared with the investment made by the company over the last five years, thus taking the cumulative investment in India to $2 billion, Executive Vice-President and Chief Financial Officer David Goulden said in Bengaluru on Wednesday. The total investment committed by the US-headquartered company in India underscores the importance of India as a hotspot for global talent pool and a growing market for software solutions.
"India offers tremendous opportunities in innovation and market potential. In these economic times, leaders get stronger by their ability to make smart investments. EMC's investment commitment illustrates the important role India will play in the company's long-term strategic Asia, Pacific and Japan and global growth plans," Goulden said.
As a part of this investment, EMC has inaugurated a large facility in Bangalore which will consolidate EMC's R&D operations and global services teams located in four separate locations across two different cities in India into one centralised campus in Bengaluru. This campus will work as a Centre of Excellence.
All the 4,000 professionals working for EMC in India, including about 2,000 from the company's local outsourcing partners, will be located at this CoE.
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