RealTime IT News

EMC to Pump $100M into India

Data storage giant EMC will invest at least $100 million in its India operations over the next five years.

The public commitment comes a year after the Hopkinton, Mass., company opened a software development center in Bangalore. Legato, a division of EMC, also has sales offices in New Delhi.

"Bangalore is a hotbed for software development because of its highly technical workforce and software is a key for EMC moving forward." Anne Pace, an EMC spokeswoman told internetnews.com.

Software sales currently account for about 23 percent of EMC's revenue but management wants to increase that figure to 30 percent. Increased research and development, combined with recent software acquisitions, should help.

It's too soon to say how many programmers will be added in Bangalore. Additional sales staff will also be hired to sell to sell to local companies. EMC recently hired Manoj Chugh as its new country manager for India.

Formerly, Chugh held a similar position for Cisco Systems. During his 3-year tenure at Cisco Systems, he more than tripled revenues and positioned Cisco as a market leader across diverse verticals in the networking space. He also previously worked for Scientific-Atlanta in India.

Pace said EMC has devoted resources to its other software hubs, including facilities in Japan and Singapore, as well as in the United States and Ireland.

India's economy is surging. One government official, discussing a rosy economic growth forecast of 7 percent for the coming year, said the country is on the verge of a "golden age." India has benefited from a well-educated, English speaking workforce.

In addition to outsourced software development, the country has become a hub for call centers for companies in financial services and telecommunications sectors.