US-based cloud computing services provider VMware today said it plans to invest up to USD 500 million in India over the next three years to fund its growing operations in the market.
The company said its R&D and support operations in India are second in size and scale only to those at VMware's headquarters in California, US.
In a statement, the company's 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."
He added that the investments earmarked will also enable the company to further strengthen its leadership position in India's fast maturing virtualization and cloud computing market.
According to a VMware-sponsored study server virtualization will save businesses in India approximately USS 3.89 billion by 2020. This figure reflects the costs normally associated with servers, power, cooling, real estate and server administration.
The company today serves nearly 3,500 customers in India, including HDFC Bank, Oberoi Hotels and Resorts, from the Oberoi Group and KPIT Cummins, and has offices in Bangalore, Pune, Ahmedabad, Kolkata, Hyderabad and Chennai, as well as Mumbai and New Delhi.
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