Las Vegas: Storage solutions company EMC Corporation’s investment in India is on track to reach $1.5 billion by 2014. The company had announced the investment plan in 2009.
Starting with a modest investment of $100 million in 2005, EMC increased the investment in India five times in 2010 and reached $1.5 billion by the end of 2014, said David Webster, President, Asia-Pacific and Japan, EMC.
The employee base of EMC will also increase proportionately. In 2003, EMC, which has a large Centre of Excellence centre in Bangalore and also a large sales and marketing office in India, had less than 100 employees , but now has over 3,500, said Webster. The company does not break country-specific revenue.
EMC has adopted the ‘Made for India, Made in India’ solution strategy well. Through this, it has managed to win large deals, including the Unique Identification Number. It has nearly 3,000 customers in India who use its storage systems to house large amounts of data.
Pivotal, in which EMC is a large shareholder, will follow EMC in increasing its employee base in Pune.
However, having won a deal from a large Indian company, Pivotal now wants to use India not only for sales and marketing but also for research and development.
“We may not have the same size as EMC, but would definitely want to grow, to say around 100 or so,” said Paul Maritz, Chief Executive Officer, Pivotal.
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