EMC to double investment in India

EMC to double investment in India

By siliconindia Bangalore Bureau   |   Tuesday, 20 June 2006, 07:00 Hrs
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NEW DELHI: Information management and storage products maker EMC Corporation Tuesday said it will double its existing investment in India by 2010 from $250 million to over $500 million.

"Our new plans to double our investment in India is a direct result of the great success we have had in helping hundreds of organizations with their information management needs," a prepared company release said quoting EMC Corporation president and CEO Joe Tucci.

The release also said EMC's additional investment in India will be used to grow the Indian market for information management, expand the sales and marketing infrastructure and also strengthen its R&D presence in India.

"We see a great future for EMC in India and we look forward to providing the technology and solutions that can help India progress towards its goal of becoming one of the world's leading information based societies," Tucci said.

EMC also announced plans to establish a Center for Excellence for e-governance in order to help the central government and various state governments as they implement e-governance initiatives, the release said.

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