India garners a slice of global IT storage biz
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India garners a slice of global IT storage biz

By SiliconIndia   |   Wednesday, 19 November 2003, 08:00 Hrs
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NEW DELHI: India is emerging as a key market for computer storage companies. While EMC is planning to invest $100 million, India along with China and Brazil will get a significant part of Hitachi Data Systems investment of $500 million.

We are getting good response from India and it is one of the ‘Super Focus’ countries for us along with Brazil and China. Therefore we would be setting up a fully-owned subsidiary in India next year”, says P P Subramanian, country manager Hitachi Data Systems India.

Hitachi Data sees India as one of the fastest growing markets with banking, finance, securities, insurance, IT, telecom and government as key focus.

The company, which generated a revenue of $15 million last year, is expecting a revenue growth of 45 % in 2003.

“We will invest a minimum of $100 million dollars over the next five years in areas such as recruitment of professionals in sales and consulting, and also for market education and recruitment of professionals in our R&D centre in Bangalore. Part of the investments would also go towards partnerships,” says Gary Jackson, vice-president (Asia-Pacific), EMC.

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