VMware, the global leader in virtualization solutions, said on Wednesday that it would invest $500 million (Rs 3,000 crore) in India over the next three years. The company’s CEO Pat Gelsinger, who was in Bangalore, said the money would be used to complete a new building in the city, for R&D and general business support functions. The company had last year announced a $120-million investment for India.
VMware is setting aside up to US$500 million to boost its expanding operations in the Indian market, which houses one of its largest research and operations sites, second in size and scale only to its global headquarters in Palo Alto. The funds will be invested over the next three years, according to a statement released Thursday by the virtualization vendor. Its employee size in India grew 17 percent to 2,300 last year and has further expanded following the January acquisition of AirWatch, which added employees in Bangalore.