Financial Daily from THE HINDU group of publications
Wednesday, Nov 19, 2003
Financial Daily from THE HINDU group of publications Wednesday, Nov 19, 2003 |
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Info-Tech
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Storage EMC plans to invest $100 m in India Our Bureau
New Delhi , Nov. 18 EMC Corporation, a US-based developer of software, hardware and networks for data storage, will invest $100 million in India over the next five years to expand research and development (R&D) and strengthen the marketing team. "EMC is making a very significant commitment to India. We will be investing $100 million here over five years," Mr Gary Jackson, Vice-President, EMC Asia Pacific, told newspersons. The proposed investment will go into expanding the automated network storage market in India, creating partnerships, introducing a comprehensive set of storage products and beefing up the company's R&D activities in India. "This is the place to get tremendous amount of talent," Mr Jackson added. EMC did not disclose the exact number of people it plans to hire in India. It has established a software development and support centre in Bangalore, where the company currently employs about 100 persons. This centre would substantially grow in the coming years, according to Mr Chris Gahagan, Senior Vice-President (Storage Infrastructure Software). "The team in Bangalore is already contributing to EMC's products. They are working on all aspects of software such as architecture and design, product implementation and support and maintenance."
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