EMC to Increase India Investment by USD $1.5 Billion
Inaugurates New Campus in Bengaluru; Represents One of EMC’s Largest R&D Centers Outside US
EMC Corporation (NYSE: EMC), the world leader of information infrastructure solutions, today announced that it will invest an incremental USD $1.5 billion in India over the next five years (2010-2014), a threefold increase to previous investments made by EMC in India over the previous five years. Today also marks the inauguration of EMC's new state-of-the-art LEED® Gold green certified facility that 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. This represents one of EMC's largest R&D centers outside the United States.
Since opening its India operations in 2000, the EMC India organization has evolved to be a critical contributor to EMC's long-term strategy by driving global innovation and revenue growth for the APJ region. The incremental investment is focused on three key areas that will take EMC India to its next phase of growth:
- Expanding R&D infrastructure at the India COE
- Increasing EMC Global Services capabilities at the India COE
- Adding more technologists to drive deeper levels of engagement and support for local customers and partners.
Shri B.S. Yeddyurappa, Hon'ble Chief Minister of Karnataka, and EMC's David Goulden, Executive Vice President and Chief Financial Officer, participated in the inauguration of the campus located in 60-acre technology park in Bengaluru.
At the inauguration of EMC's new facility Yeddyurappa said, "EMC's investment is testimony to the self sustaining ecosystem India has built and the opportunity it offers businesses to effectively compete in the global economy. The Government of Karnataka has a proactive policy of facilitating investments in the state and aiding the growth of Karnataka as the IT capital of India. We congratulate EMC on this momentous occasion and assure our support to its growth plans."
"India offers tremendous opportunities in innovation and market potential," said EMC's Goulden. "In these economic times leaders get stronger by their ability to make smart investments. 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."
"This investment is an important milestone in our journey to having world-class R&D and services organizations located in India," said EMC's Sarv Saravanan, Vice President and Managing Director, India Centre of Excellence. "The new campus provides a state-of-the-art facility that will help us 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 provides increased value to both our customers and partners."
The new campus is nearly three times larger than the previous facility with almost 500,000 square feet of usable office space. The key highlights include:
- LEED® Gold certified green campus
- A state-of-the-art Customer Briefing Center which will enable customer and partner briefings by the EMC India COE technical teams.
EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com.
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Rishi Seth / Pooja Poddar
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