EMC Corp., the Hopkinton-based data storage giant, said that it plans to invest $1.5 billion in India from 2010 to 2014. That amount represents a threefold increase to previous investments made by EMC in India over the previous five years, the company said in a press release.
The announcement was made as EMC marked the inauguration of a new facility that consolidates research-and-development and EMC Global Services organizations from four locations into one campus that forms a company Centre of Excellence in India, EMC said.
The campus in Bengaluru represents one of EMC's largest R&D centers outside the United States, said EMC, which added that it opened its India operations in 2000.
David Goulden, EMC executive vice president and chief financial officer, said in a statement: "India offers tremendous opportunities in innovation and market potential. In these economic times, leaders get stronger by their ability to make smart investments. EMC's commitment of $1.5 billion over the next five years illustrates the important role India will play in the company's long-term strategic APJ (Asia-Pacific-Japan) and global growth plans."
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