Data storage firm EMC Corp. says it is ready to invest as much as $100 million in India over the next five years to boost its research-and-development efforts in that country.
EMC believes that India's prospering economy will result in a high demand for data storage products from a multitude of industries. The company currently has a software development office in Bangalore, which houses approximately 20 employees. EMC plans to increase the workforce to more than 100 people.
Gary Jackson, EMC's vice president for Asia Pacific, described the company's plans for a five-year, $100 million investment as "our minimum commitment."