Wednesday, September 9, 2009

$1.5 billion investments from EMC in India

EMC said it will invest an incremental $1.5 billion in India over the next five years. The plans include for a new campus in Begalaru which will be one of EMC's largest R&D centers outside the US.

This investment plan represents a nearly threefold increase to investments made by EMC in India over the previous five years.

"India offers tremendous opportunities in innovation and market potential," said David Goulden, EVP and CFO of EMC. "EMC's 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."

Agencies

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