Accenture bags modernisation contract from Postal Dept

Global IT and consultancy firm Accenture on Monday said it has bagged an order from the Postal Department to modernise the post offices across the country.

The financial details of the deal were not known. As per the modernisation contract, Accenture would design an enterprise IT architecture and migrate the Department of Post (DoP) to a more efficient IT system, Accenture said in a statement.

The project is designed to help the DoP, which has been reporting losses to drive revenue and regain market share in different services and products such as bill payment, e-posts, life insurance, money transfer and banking.

The technology upgrade would also benefit citizens via speedier banking and insurance services, track and trace abilities and would help the postal department to compete effectively with the local and international courier firms.

Accenture would also advise DoP on the development of a wide-area network that helps connect all post offices on which various online services can run.

Krishna G V Giri, who leads Accenture's Management Consulting practice (Health and Public Service operating group) in the Asia Pacific region said,"Armed with efficiency at DoP, the government will be better positioned to share various social schemes, such as Mahatma National Rural Employment Guarantee Scheme, with even the most remote citizens."

IBM wins $200 mn telco services deal in India

IBM said on Wednesday it has won a $200 million deal with India's Datacom Solutions, part of Videocon Industries, to provide IT infrastructure and services. Datacom is rolling out GSM services across India starting this year.

On Tuesday IBM unveiled a seven-year deal with India's IDEA Cellular to provide and operate a service delivery platform for content services to its more than 50 million clients.

"Communication service providers in India ... are choosing IBM to help deliver differentiating services to keep pace with market shifts, customer demand and competitive pressures," Scott Stainken, general manager for IBM's telecoms business, said on the sidelines of a telecoms conference in Geneva.

TechM wins $50-m Saudi Telecom deal

Close on the heels of clinching an IT outsourcing deal with Etisalat DB, the Indian arm of Emirates Telecom, Tech Mahindra is learnt to have won another deal for a greenfield IT implementation for a telecom major in the Middle East. The IT firm has won a deal with Saudi Telecom, which is rolling out GSM services in Bahrain, said a person familiar with the development.

Saudi Telecom competes with Etisalat and the Zain consortium in its home market. The largest telecom operator in West Asia, Saudi Telecom also has a presence in Indonesia, Malaysia, Turkey, South Africa, Lebanon, Jordan, and Kuwait. In India, it has a presence through a 25% stake in Maxis Telecom, the Malaysian operator that is the majority stakeholder in Aircel. Earlier this year, it bagged the licence for the third-mobile operator in Bahrain.

“The deal with Tech Mahindra includes IT implementation and managed services. It is one of the largest deals for Tech Mahindra in the region,” said the person quoted earlier. He said the deal size could be between $40 million and $50 million. Multinational firms Hewlett Packard and Cisco, which provide server and networking hardware, have also won different parts of the deal. Tech Mahindra shares fell marginally on Monday to Rs 937.75 on BSE.

A Tech Mahindra spokesperson responded to an e-mail from ET saying, “As a corporate policy, Tech Mahindra does not comment on any market speculative stories.” Tech Mahindra, which is focused on exclusively on outsourcing services to the telecom sector, is facing growth challenges from its number one customer and shareholder, British Telecom. In the recent past, it has clinched several deals in emerging markets, such as India, Middle East and Africa, where the telecom market is still witnessing a rapid growth. Saudi Telecom, for instance, has announced investments of around $3 billion in the telecom markets of India, Malaysia and Indonesia.

Tech Mahindra is also the largest stakeholder in the scam-hit Satyam Computer Services. The Tech Mahindra management has publicly stated that it intends to eventually merge both companies giving it a presence in all sectors.

HCL Info bags outsourcing deal from Fortis

Hospital chain, Fortis Healthcare today announced a five-year outsourcing deal estimated to be over $15 million with IT major HCL Infosystems for implementing software solutions at all its facilities.

"The deal is part of a five-year agreement under which HCL will undertake complete outsourcing of IT systems and processes of Fortis Healthcare Ltd," Fortis Healthcare vice-president Corporate affair G S Bedi said.

As per the deal, IT platform for all the hospitals in Fortis network will be standardised through the IT system installed by HCL within a period of twelve months and the first hospital will go live by the end of February 2010.

Asked about the size of the deal, Bedi said, the total size of the deal would be more than $15 million and actual cost depends upon the number of facilities group acquires.

As part of the deal, HCL would install software solutions at all Fortis hospitals and would also impart training to its employee, he said.

This deal makes Fortis the first healthcare delivery company in India to undertake complete strategic outsourcing for IT applications and infrastructure management, Fortis said.

"This tie up will create newer benchmarks in the quality of healthcare delivery and patient care and take it to the next level, IT forms the back bone for hospital operations and improved patient care," Fortis Healthcare Managing Director Shivinder Mohan Singh said.

IT majors eye Rs 5k-crore govt hospital contracts

Here’s a goldmine of opportunities waiting to be tapped. The Indian defence sector, along with the government, has started inviting bids for the modernisation of its hospitals. Contracts worth Rs 5,000 crore are up for grabs over the next few years, said a person familiar with the development .

And in the race to clinch these contracts are Wipro, Infosys, TCS, HCL, HP, IBM, SAP, Perot System and GE Healthcare. With the Indian government and the defence sector keen on slashing costs and ensuring more efficacy of the installed e-systems , more bids are being floated by the governments of Andhra Pradesh, Tamil Nadu, West Bengal and Karnataka. The Indian Railways, IAF, Indian Navy and Army are also in the process of upgrading their e-systems , sources said.

Wipro Infotech has already bagged the e-health contract of the Indian Navy to upgrade technology in the hospital patient administration wing into an integrated hospital information system. “We see a huge opportunity in government hospitals, especially in rural areas. Wipro HCIT (health care IT) is growing at 100% y-o-y . Over 100 installations have been completed so far,” Wipro Infotech healthcare IT general manager Harbir Singh Sawhney has said. The task they had taken up involved creating various databases and linking them via internet.

“We are developing new products based on cutting-edge technology, which will be Web-enabled , have multiple databases and have radio-frequency identification (RFID),” he said.

Companies such as iSoft provides healthcare IT solutions for more than two-thirds of UK’s National Health Services Trusts.

TCS, Wipro, Infosys vie deals worth $100 mn each in Nordic region

Nordea AB, the biggest regional bank in the Nordic region, along with peers Svenska Handelsbanken and SEB, are among a new set of customers planning to offshore technology work to India, as they aim to bring down operational costs by up to 30% and cope with the slump more effectively.

Indian tech vendors such as TCS, HCL, L&T Infotech, Wipro, Infosys and Cognizant are in discussion with Nordic customers for outsourcing contracts potentially worth around $100 million each over next few years.

Outsourcing advisory firm EquaTerra recently analysed around 370 outsourcing contracts signed by over 200 Nordic customers and concluded that the Indian service providers scored better than European vendors such as TietoEnator and Capgemini when it came to customer satisfaction. EquaTerra analysed almost $4.3 billion worth of outsourcing contracts signed by these customers.

Most Nordic countries, especially Sweden, have high cost structures. This is putting pressure on local customers to seek low-cost resources in locations like India, which will help them tighten belts by up to 30-40 %.

“India remains the dominant offshore destination for Nordics firms. 61% of the respondents are using India to fulfill at least some of their global sourcing needs,” EquaTerra said in a recent report. When contacted by ET, Indian tech vendors declined to comment on any potential outsourcing contract being pursued by them.

TCS, India’s biggest software outsourcing firm, said Nordic customers are indeed beginning to explore more outsourcing options.

“While the overall Nordic IT market is expected to remain flat in 2009, the demand for services outsourcing continues to be firm and we are seeing continued growth,” said AS Lakhminarayanan, vice-president and head(Europe), TCS. “Norway in particular is expected to demonstrate one of the highest IT market growth rates in Europe in 2009, estimated at between 1-2 % annually, while most other markets have remained flat or even declined,” he added.

Customers such as Handelsbanken have been exploring offshoring of IT work for almost a year, and a worsening economic crisis forced them to look at offshoring more seriously.

The bank is now seeking suppliers for maintaining its legacy mainframe systems, and also make them work with newer business software applications. Nordic customers prefer to start an outsourcing engagement with smaller contracts of $10-20 million, but are expected to ramp up after experiencing the promised benefits.

Unlike other European markets such as Germany where labour laws make it difficult for an offshoring contract, countries in the Nordic region are more flexible.

However, they still prefer to exercise caution during early relationships without succumbing to doling out multi-year, mega outsourcing contracts. “If you look at the last 100 deals signed over the past six to eight months, you would find that they range from € 500,000 to € 150 million, which is a broad range. The most significant deal size segment, in terms of frequency, would lie in the range of € 8-20 million,” agreed Mr Lakhminarayanan.

MindTree to acquire Kyocera Wireless' subsidiary in India

In a move that would help it consolidate its position in the growing product engineering services (PES) space, Mindtree, the IT and R&D services company, has signed an agreement with Kyocera Wireless Corp (KWC) to acquire its Indian subsidiary, Kyocera Wireless (India).

The acquisition involves an upfront payment of about $6 million (about Rs 29 crore), other than payments linked to the revenues to be acquired from Kyocera during 2010-11 and 2011-12. MindTree expects this acquisition to contribute about $9 million in revenues for the period October 2009 to March 2010, with profit after tax in the range of 13-15 per cent.

California-headquartered KWC is a global producer of mobile handsets and wireless products, and is part of the $11.5 billion Kyocera Corporation. Established in 2003, Kyocera Wireless (India) employs about 600 people in India, with its development centre located in Bangalore.

Xerox, ACS buy set to bring in more jobs to India

Xerox Corporation’s move to acquire Dallas-based Affiliated Computer Services for $6.4 billion comes just a week after Dell’s buyout of Perot Systems for $3.9-billion.

The Xerox deal is expected to create “significant number" of additional jobs in India as cost optimisation is going to be great focus for the copier giant. In fact, Xerox expects to achieve annualised cost synergies in the range of $300- $400 million in the first three years by using ACS’ back-office expertise to handle the latter’s internal functions.

Aman Mustafa, country manager (India), ACS Global Operations Support, told TOI: “There will be a greater flow in the back-office work related to document management space. The coming together of Xerox and ACS will throw up significantly higher job opportunities in the country.’’

ACS is a 74,000-people strong company with global revenues of $6.5 billion. It employs 5,500 people in India across Bangalore, Kochi, Chennai and Noida. ACS will now on be called a Xerox company. Based in Sohna, near Gurgaon, Xerox currently has 500 people in the country, mostly in the marketing, sales and support functions.

In a letter addressed to employees, analysts and advisors across the globe, ACS president & CEO Lynn Blodgett said, “You may know Xerox because of its industryleading printing technologies, but you may not know that its services expertise is just as strong, generating $3.5 billion in annuity revenues. Together with Xerox, ACS will be able to grow and scale in incredible ways.’’

The combined entity would create a $22-billion global enterprise for document technology and business process management. It will establish a solutions provider that surpasses every competitor and sets a new standard for document technology and BPO management.

Blodgett said, “We anticipate that this transaction will close in the first quarter of 2010. As we approach that date, I will keep you updated on the integration process.’’

Commenting on the deal, BPO exponent Raman Roy said, “We are yet to know how big an offshore play it is. However, India is already the largest handler of outsourced digitised data/images, a few trillion every hour. Xerox is a leader in document solutions. The deal may be an indication of consolidation in this space.’’

TCS bags multi-million dollar deal

Indian IT major Tata Consultancy Services Ltd (TCS), today announced that it has entered into a a multi-million dollar deal with a Singapore's People's Association, a statutory board under Ministry of Community Development, Youth and Sports, to provide annual Application Management Services for two years.

Under the agreement, TCS would develop and maintain People's Association's business and citizen centric applications including mission critical applications. It involves consolidating its multiple vendor environment allowing for reduced maintenance costs and simplified system administration, said a press release.

This system would enable higher process efficiency and staff productivity across the organization. All these would contribute towards lower costs spent on application maintenance, while improving end user satisfaction and enhancing citizen experience with the agency.

Girija Pande, EVP and head, TCS Asia Pacific, said, "Our expertise in AMS, combined with our ability to deliver certainty of results would provide sustained value to People's Association."

He added that they installed strict quality control procedures and continued to drive more value for their Singaporean clients through increased service quality provided by their team of highly qualified people with local knowledge of culture and processes.

Mahindra Satyam can now bid for govt deals

IT exporter Mahindra Satyam has been exempted from providing financial statements in bids for government projects enabling the company to participate in tenders called by government units, which have one of the highest IT spends in the domestic market. A majority of these tenders require the financial statements of the bidder to be provided as prerequisite.

Mahindra Satyam’s financials are in the process of being restated after its promoter and former chairman, Ramalinga Raju, confessed to falsifying the accounts in January this year. After the scam-hit company was taken over by Tech Mahindra, the board under the chairmanship of Kiran Karnik had sought an exemption from providing its financials, so it could be eligible to bid for government projects.

Satyam has so far lost out on a Railways contract estimated at Rs 100 crore, with the opportunity to more effectively participate in future contracts worth Rs 3,000 crore. It also lost out an enterprise resource planning implementation contract from BSNL for around Rs 250 crore to rival, HCL Infosystems.

“This directive, along with the Mahindra & Mahindra balance sheet, will help us participate in tenders by government departments and PSUs. The directive says the audited financials should not be a point of contention and we (Satyam) should be considered based on our technical proficiency,” a highly placed Mahindra Satyam official told ET.

However, the company is not likely to contest those bids that it has already lost out to rivals. “Earlier, we were not even being invited for bidding — now at least we will be able to participate in them. But there may be still some government contracts where we cannot participate if there are other criteria,” the official said.

The firm is currently participating in around 15-20 bids from public sector undertakings and government departments, said Sanjay Venkatraman, who heads the India business unit at Mahindra Satyam.

“These projects range from Rs 20 crore to Rs 100 crore and are in the areas of e-governance and citizen services,” Mr Venkataraman added.

The exemption from the ministry of corporate affairs is valid only till December this year and since the restatement of accounts are expected to take up to March, Mahindra Satyam is likely to apply for the exemption to be extended till that date. The company has created a separate division under its India business unit to focus on government projects.

Mahindra Satyam lost a Railways contract estimated at Rs 100 crore, with the opportunity to more effectively participate in future contracts worth Rs 3,000 cr.

It also lost out an enterprise resource planning implementation contract from BSNL for around Rs 250 crore to HCL Infosystems.

Mahindra Satyam is currently participating in around 15-20 bids from public sector undertakings and government departments.

TechM, IBM, TCS in race for $400-mn Sistema deal

Tech Mahindra, IBM and TCS are vying for a $400-million (Rs 1,800 crore) IT outsourcing contract from Sistema Shyam Teleservices (SSTL), said a person familiar with the matter.

Negotiations are on with these companies for a 10-year deal, but the contract will contain a clause that will allow Sistema Shyam to exit after five years, he said, requesting anonymity. Sistema — one of the largest public diversified corporations in Russia and the CIS — has a 74% stake in the JV with the Shyam Group that offers mobile services under the ‘MTS’ brand in India. Sistema Shyam is the only CDMA player, among the new crop of telecom operators.

“A final decision on the deal is expected to be taken by the year-end,” said Rajeev Batra, chief information officer of SSTL. He confirmed that these three IT companies were in the reckoning for the contract, but did not confirm the value of the contract.

The proposed deal will not include the operator’s BPO operations, as the telco has already outsourced its customer care operations to Essar Group’s Aegis BPO.

The winning company will manage SSTL’s IT systems across the 22 telecom circles in the country. SSTL, which is scheduled to launch telephony services in Delhi next month, plans to be a pan-India operator by the third quarter of next year. While a senior Tech Mahindra executive confirmed that the talks with SSTL were on, the TCS spokesperson declined to comment. But, TCS had earlier said it was aggressively chasing deals in telecom, financial services, life sciences and retail.

IT major IBM, too, did comment on being in the race for the SSTL contract. Early this year, SSTL had tied up with IBM for designing and building its green data centres in Chennai and Gurgaon.

SSTL executives said the company was exploring an operating expenditure model for this IT outsourcing contract. This model of outsourcing is considered more cost-efficient for companies since it allows the IT partner to take the telco’s IT assets on its books. While SSTL is yet to award its IT contract, most other new operators have already done so. Etisalat DB recently awarded the contract worth $400 million to Tech Mahindra, while Datacom’s IT infrastructure management has been awarded to IBM for about $200 million.

Unitech Wireless, in which Norway’s Telenor holds a controlling stake, has outsourced its IT infrastructure management to Wipro for about $500 million.

SSTL was among the nine new companies that were given licenses early past year to launch mobile services. So far, the company has launched CDMA-based services in six circles and has about two million customers in its network.

The country has seven pan-India mobile phone operators led by Bharti Airtel, Reliance Communications (RCOM) and Vodafone Essar. A string of new players like Datacom, Loop, S Tel, Unitech Wireless and Swan are also in the process of rolling out nationwide services.

The country has close to 450 million mobile subscribers and a telecom penetration of over 41%.

Wipro, TCS bag major IT services contracts

Two of India's IT bellweather companies Tata Consultancy Services and Wipro bagged contracts from major agencies. Wipro Ltd, India's No. 3 outsourcing company, said on Wednesday it had won a three-year IT services contract from Aquarion Water Company, one of the largest water utilities in the United States.

Tata Consultancy Services (TCS) on the other hand has won India's largest state-wide area network (SWAN) project from the Andhra Pradesh government.

Financial details of the Wipro deal were not disclosed. TCS' five-year project is based on a build, own, operate and transfer (BOOT) model. "This is the fourth SWAN project TCS has bagged in a row," said a company statement here Wednesday.

It is now implementing SWAN projects in Chhattisgarh, Tamil Nadu, and Bihar.

The proposed SWAN project will enable the state government to start and run various e-governance projects and citizen services. The project would be rolled out in 12 months and TCS will then maintain it for five years.

"We are happy to partner with TCS for this project. This is yet another initiative of the state government to take a wide array of services to the common man," said Sameer Sharma, secretary and chairman of Andhra Pradesh Technology Services.

The project envisages connecting state headquarters with 1,088 sub-divisions and 23 district headquarters.

Once the project is commissioned, the network will enable the state to have video-conferencing facility across government offices and enable them to communicate and conference with each other over VoIP (voice over IP) phones, which will reduce the government's phone bills considerably.

Various e-governance applications like RTO, healthcare, education, municipality would also ride on this network backbone, said Sanjay Kumar, managing director of Andhra Pradesh Technology Services.

Wipro wins 3-yr contract from US utility

Wipro Ltd, India's No. 3 outsourcing company, said on Wednesday it had won a three-year IT services contract from Aquarion Water Company, one of the largest water utilities in the United States. Financial details of the deal were not disclosed.

TCS bags Rs 140 cr AP network project

Tata Consultancy Services on Wednesday said it has been awarded a state-wide area network (SWAN) project from the Andhra Pradesh government, which targets to connect the state’s headquarters with all 23 district offices in the state to increase efficiency in government functioning.

Andhra Pradesh IT secretary Sameer Sharma said the size of the deal would be about Rs 140 crore. This is the largest such contract in the country and will be based on the build-own-operate-transfer (BOOT) model, that is typically used in infrastructure projects for five years, TCS said in a statement.

TCS bullish on government deals worth Rs 3000 crore

Tata Consultancy Services (TCS) is looking at Rs 3,000-crore government projects to help it double its revenues from the domestic market in three years.

The country’s largest IT services company is chasing 24 projects related to technology implementation in railways, defence, power and several state governments. The company hopes to bag a large number of these projects in the coming 12-18 months and double the share of its domestic business to 10% in three years. “We expect to increase domestic revenues to double digits by 2012,” said Tanmoy Chakrabarty, vice-president and head of global government industry group at TCS.

The increased activity in the domestic market - particularly from underpenetrated government departments and ministries - will help the portfolio of the export-focused domestic IT services firms as the global slowdown has seen their growth tapering off.

“Prior to elections, decisions were on hold. But now with the new government settling down, we expect quite a few large projects to be announced in the domestic market in 12-18 months,” said George Paul, executive vice-president for marketing at HCL Infosystems. HCL is also pursuing technology projects related to power, telecom and computerisation of municipal corporations in several states.

Infosys Technologies, the country’s second-largest IT services company, is similarly pursuing opportunities in the domestic market. The Bangalore-based company’s nascent India business unit has bid for defence, telecom, railways and some power projects. The company was unavailable for comments as it is observing a mandatory silent period before announcing its financial results for the second quarter.

In a recent interaction with ET, Infosys’ India business unit head Binod HR had said, “Given that the government is technically underpenetrated, there are a large opportunities to tap. We will be pursuing them.” The company had recently bagged a 10-year e-business project from the ministry of commerce.

Small to mid-sized companies such as Mumbai-based Spanco that has bagged projects in Maharashtra and Orissa see opportunity in the domestic market. “We are chasing businesses like modernising public distribution system, border check posts and developing e-districts,” said Kaustubh Dhavse, head of business strategy at Spanco.

As government departments increasingly take the hi-tech path, there will be plenty of business for locally-focused IT players.

Dell buys Perot Systems for $3.9 bn

Dell Inc said Monday it has agreed to buy the information technology services company Perot Systems Corp for about $3.9 billion as it looks to expand beyond the personal computer business.

Round Rock, Texas-based Dell said it will offer $30 per share in cash for Perot, which is based in Plano, Texas. This represents a 68 percent premium over Perot's closing share price Friday, and Perot shares shot up 66 percent in premarket trading Monday.

Adding options and restricted stock to Perot's 121 million outstanding common shares, Dell said the deal is worth $3.9 billion.

Dell said Perot, founded by former presidential candidate Ross Perot, will expand the company's IT services offerings for businesses and widen the pool of potential customers for its computers.

It expects to close the deal in the November-January quarter. Analysts have been expecting an acquisition from Dell, which hired IBM Corp's former mergers and acquisitions chief earlier this year and has raised almost $1 billion in debt since March.

The company's shares fell 79 cents, or 4.7 percent, to $15.90 in premarket trading, while Perot's stock shot up $11.79, or 66 percent, to $29.70.

Satyam wins 32 new clients since May

Indian IT services firm Mahindra Satyam has gained 32 new customers in the last four months, and some large clients are returning to the company, a top official said.

"Some of the large clients we had lost earlier are coming back and are reassigning new business," Atul Kunwar, the company's president of the Middle East, Europe, India and Asia Pacific regions, said on the sidelines of an industry conference.

The company, earlier know as Satyam Computer Services, currently has about 420 clients, he said, compared with 480 in January before it was left battling for survival after Satyam's founder revealed India's biggest corporate fraud.

Satyam was acquired by Tech Mahindra in an auction in April and subsequently renamed. The number of employees the company has on reserve has come down to 7,000 from 8,500 in July, Kunwar said.

"With the business improving and new deals coming in, we have slowly started taking in employees from the virtual pool."

Wipro partners with Schneider Electric

Indian IT major Wipro Technologies has partnered with global energy management firm Schneider Electric to market its industrial automation solutions in India.

Under the agreement, Wipro will offer an additional commercial channel and outstanding project execution capability Schneider to market and deliver its state-of-the-art solutions.

To begin with, Wipro will market Schneider Electric's Ampla MES solution to the mining, mineral processing and metals industries.

This solution helps manufacturers enhance the efficiency, productivity and reliability of their industrial operations and improve their return.

"Our partnership with Wipro is an indicator of our commitment to the Indian market. It shows our willingness to go beyond conventional business models to grow our business here," Schneider executive vice-president Michel Crochon said.

Wipro wins 3-year contract from Japan's ANA

Wipro has won a three year outsourcing contract from All Nippon Airways (ANA), the first airline in the world to procure the Boeing 787 Dreamliner. The financial details of the deal have not been disclosed, but Wipro will deliver materials management system to ANA that will help manage the parts life cycle, reports Economic Times.

The system will strengthen regulatory compliance, predict parts demand better and help manage inventory levels. The new Materials Management system will be built in a scalable, flexible platform. ANA, with its fleet of 209 aircraft, is embarking on transforming its legacy materials management system to support the new fleet, in line with the expansion of its business at Tokyo's Haneda Airport with its upcoming fourth runway in 2010.

ANA will be able to increase its cost competitiveness, improve the quality of its aircraft part maintenance business and improve asset management with the new system. The complete program will be managed by Wipro, which will deliver services such as application development, program management and vendor management thereby enabling ANA to gain a sustainable competitive advantage.

Takanori Yukishige, Senior Vice President, ANA Information Technology Services said, "We are starting a new journey and this program will set a benchmark for our future way of doing business. We look forward to further leveraging our partnership with Wipro to gain competitive advantage."

EMC to invest $1.5 bn in India

EMC Corporation, information infrastructure solutions provider, has announced on Wednesday that it will invest an incremental $1.5 billion in India over the next five years (2010-2014), a threefold increase to previous investments made by EMC in India over the previous five years.

At the inauguration of EMC’s new facility Yeddyurappa, chief minister of Karnataka, said, “EMC’s investment is testimony to the self sustaining ecosystem India has built and the opportunity it offers businesses to effectively compete in the global economy. The Government of Karnataka has a proactive policy of facilitating investments in the state and aiding the growth of Karnataka as the IT capital of India. We congratulate EMC on this momentous occasion and assure our support to its growth plans.”

The incremental investment is focused on expanding R&D infrastructure at the India COE, increasing EMC Global Services capabilities and adding more technologists to drive deeper levels of engagement and support for local customers and partners.