The Hindu Business Line : EMC bullish on India, mulls expansion

Hyderabad May 1 EMC, a $11-billion company, is bullish on India and plans to significantly expand its operations taking their total investments past the $500 million mark.

The President, India and SAARC, EMC, Mr Manoj Chugh, told Business Line EMC provides network storage systems and technology to manage information.

This is an ever-growing business opportunity as information is growing exponentially and is shifting to become digitally stored content.

The company, an information infrastructure technology solutions provider, earlier this year acquired Valyd Software, a Hyderabad-based company that added a very important element to information management that is data encryption technology.

This reflects how products that impact the world can be created in India.

Information is growing by 55 to 60 per cent per year and the growth is much faster in developing countries and more pronounced in India and China.

It is now perceived as a digital asset as even an innocuous email could be a risk factor.

The information flow is multi directional bombarded from mobile phones, personal devices, calling for new capabilities to manage and mitigate risk.

This is particularly so in financial services, Government, defence and even in other enterprises.

India Plans

EMC has made over 20 acquisitions adding distinct technology pieces investing about $7 billion.

All of these acquisitions were made to add a new dimension to information management.

Referring to their India plans, Mr Chugh said since its entry into India in 2000, the company had committed investment of $250 million.

But recently this has been enhanced to $500 million by 2010.

The company employs about 1,600 people in India and plans to double this number over next three years.

Like in the US and Europe, the Indian information management market is rapidly changing.

From a fixed storage system as in personal computers, it is shifting to network storage where EMC plays a crucial role.

The shift shows that the industry is growing at a compounded annual growth rate of 15 per cent per annum.