June 20, 2006
EMC Doubles India Investment
NEW DELHI – June 20, 2006 – EMC Corporation, the world leader in information management and storage, 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. The announcement was made by Mr. Joe Tucci, Chairman, President and CEO, EMC Corporation in New Delhi.
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.”
















