Tencent Technologies News, according to foreign media reports, Dell's cloud computing company VMware announced Wednesday that India will invest $2 billion in the next five years to expand its business and recruit talent.
VMware executives say the investment will be used to expand its offices in Bangalore and Pune, India, and to expand its talent base, develop marketing and finance R&D activities in India.
VMware sells virtualization technologies that reduce the need for enterprises to build or deploy physical infrastructure. It is even developing technology to reduce the company's demand for electronic hardware such as mobile antennas.
Arun Parameswaran, vice president and general manager of VMware India, said the company's development plans in India were also in line with the Indian government's strategy, such as digitizing India.
Over the past 13 years, VMware's R&D, sales, marketing and customer service businesses have grown in India, and now it has more than 5,000 employees responsible for local and global operations.
VMware's main offices in India include Bangalore, Pune and Chennai.
The company also announced a Taara program with the international nonprofit Women Who Code to train 15,000 women. These women resigned for personal reasons, such as going home to take care of their children, and were afraid to go back to work because of years of delays in skills.
VMWare estimates that about 50 percent of women in India's IT industry left their core engineering jobs after eight years because they often had to resign to start a family, and many never came back to work.
Therefore, improving the participation of female labor force is very important for the development of IT industry in India. The industry is expected to drive a digital shift in India, contributing about $154 billion to GDP by 2021.