VMware invests $120M to boost India R&D operations
Networking and virtualization giant VMware is investing $120 million in India.
The firm said the investment will go towards leasing a 420,000 square-foot building in India's Bangalore, which will likely be operational by next year.
The investment will span several years.
VMware's plans are to "accommodate new and ongoing product [research and development] as well as a large staff supporting VMware's global operations and India's sales teams," the company said. The company could employ as many as 2,700 people, it noted.
The virtualization and networking firm's India operations are second in size only to its California-based headquarters, after more than eight years in the country. However, the firm also has smaller subsidiary offices in several other Indian cities.
In prepared remarks, VMware chief executive Pat Gelsinger said:
India's world-class IT expertise, impressive talent pool and industrial development make this country crucially important to VMware's global growth strategy. Our investment in this innovative facility demonstrates VMware's commitment to stay at the cutting edge of technology and evolve the optimum business structure to serve our customers globally.