VMware CEO Pat Gelsinger today announced the company’s plans to invest up to $500 million in India over the next three years.
The investment is primarily aimed at enhancing its operations in the country. The company sees India as growth market for virtualization and Cloud computing.
A VMware-sponsored study by IDC on server virtualization in Asia Pacific said server virtualization will save businesses in India approximately $3.89 billion by 2020.
The company’s R&D and support operations in India are second in size and scale only to those at VMware’s headquarters in Palo Alto, Calif., U.S.
In 2013, company headcount in India grew 17 percent to 2,300, while the recent acquisition of AirWatch has added additional employees in Bangalore.
VMware CEO Pat Gelsinger said: “India continues to play a crucial role in our global product roadmap and growth strategy. The country’s outstanding engineering talent continues to impress us, and we stay committed to investing and growing our team here over the long term.”
VMware India serves nearly 3,500 customers and works with approximately 100 partners. VMware has offices in Bangalore, Pune, Ahmedabad, Kolkata, Hyderabad, Chennai, Mumbai and New Delhi.
Globally, VMware reported a record $5.21 billion in revenues for full-year 2013, representing year-on-year growth of 13 percent.