EMC Triples India Investment To $1.5 Billion

EMC Corp., which spent $500 million on its operations in India over the past five years, plans to triple that investment to $1.5 billion over the next five years to enhance its support of customers in India and to expand its R&D work and global services capabilities.From an Economic Times of India article:

At the inauguration of EMC's new facility Yeddyurappa, chief minister of Karnataka, 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."

And an EMC press release highlighted the expanded scale of the Indian R&D operation:

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.