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Rediff.com  » Business » EMC Corp to invest $500 mn in India

EMC Corp to invest $500 mn in India

Source: PTI
June 20, 2006 16:22 IST
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EMC Corporation, the information management and storage leader, on Tuesday said it will double its existing investment in India by 2010 from $250 million to over $500 million.

"Our new plans to double our investment in India is a direct result of the great success we have had in helping hundreds of organisations with their information management needs," Joe Tucci, president and CEO, EMC Corporation said.

EMC's additional investment in India will be used to grow the Indian market for information management, expand the sales and marketing infrastructure and also strengthen its R&D presence in India.

"We see a great future for EMC in India and we look forward to providing the technology and solutions that can help India progress towards its goal of becoming one of the world's leading information based societies," Tucci said.

EMC also announced plans to establish a Centre for Excellence for e-governance in order to help the central government and various state governments as they implement e-governance initiatives.

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