Virtualization software company VMware Inc. will invest a mammoth $120 million in the country in an effort to expand their R&D operations.
Within the investment is the inclusion of a long term lease of a 4,20,000 square foot building in South Bangalore, currently under construction. The state-of-the-art premises will house 2,700 employees for both new and ongoing product R&D, as well as a large staff supporting VMware’s global operations and India’s sales teams.
Company CEO Pat Gelsinger visited Bangalore to announce plans for the new campus. He 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.
We are also committed to pursuing the huge opportunity for our solutions in India’s fast-growing and maturing market, as companies harness our technology to help them achieve the agility needed to compete in dynamic business arenas at home and overseas.