VMware to invest $500M in India over next three years

Image
ANI Washington
Last Updated : Apr 22 2014 | 4:56 PM IST

American software company VMware is reportedly planning to invest up to 500 million dollars in India over the next three years.

The company's investment plan is an attempt to help fund its growing operations in the market.

According to Enterprise Innovation, the company's R and D and support operations in India are second in size and scale only to those at VMware's headquarters in Palo Alto, California.

VMware CEO Pat Gelsinger said that India continues to play a crucial role in the company's global product roadmap and growth strategy.

He added that the country's outstanding engineering talent continues to impress the software company, which in turn keeps it committed to investing and growing its team here over the long term.

In 2013, company headcount in India grew 17 percent to 2,300, while the recent acquisition of AirWatch has added additional employees in Bangalore, the report added.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 22 2014 | 4:42 PM IST

Next Story