EMC doubles investment in India

BANGALORE:



EMC Corporation, with 2005 revenues of $9.66 billion, today announced its

third phase of investment in the Indian market.






It has committed to double its existing investments in India by 2010 from US$250
million announced in February 2005, to over US$500 million. EMC also announced

it will set up a Centre of Excellence in e-Governance (CoEE) to assist the

Central and State Governments with their e-Governance information management and

storage needs.






Joe Tucci, chairman, president and CEO, EMC, made the announcement in New Delhi.





Addressing a press conference, Tucci said, "India has rapidly become one of the
most strategic markets for EMC's expanding global business. Our new plan to

double our investment in India is the direct result of the great success we've

had helping hundreds of organizations with their information management needs

and the tremendous opportunity we see in front of us. India is a remarkable

country in so many ways, from its vast population of scientists and engineers

and the priority given to education, to the rapid growth of its economy, and the

government's intensive focus on IT and e-governance. 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."






EMC's additional investment in India will be used to grow the Indian market for
information management, expand the sales and marketing infrastructure and

strengthen R&D presence in India. EMC has committed that by 2008 customers in

the 60 largest cities in India will be able to purchase EMC products and

solutions through its partner network.






The CoEE will leverage EMC's expertise in information management and storage to
help government agencies build an intelligent information infrastructure as they

deal with vast amounts of structured and unstructured information. The CoEE will

work in close partnership with the Ministry of Communications and Information

Technology.






Commenting on EMC's third phase of investment in India, Dayanidhi Maran,
minister for Communications & Information Technology, Government of India said,

“We welcome this additional investment commitment by EMC as we continue to work

to attract more investment by leading technology leaders. The UPA government

will continue to partner with leading organizations like EMC to build an

intelligent information infrastructure for all of our citizens to transform

India into a knowledge economy.”






Elaborating on EMC's success and future roadmap in India, Manoj Chugh, country
manager, EMC India & SAARC Region, said “EMC has been increasing its investment

and commitment to India every year for the last three years, and we are very

pleased by the results. Today, EMC is the leading provider of information

management and storage in India with over 350 customers, and Bangalore is home

to EMC's largest software development effort outside North America. Today's

announcement will further boost our commitment and help us better meet the

information infrastructure needs of India.” he added.






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