RSA to invest 500 million USD in India by 2010

Bangalore, Dec 4 (UNI) RSA, the security division of EMC, the world leader in products, services and solutions for information management and storage, will invest 500 million US Dollars in the country by 2010, Mr Sanjay Mirchandani, Senior Vice-President, Emerging Markets and International Development, EMC, informed today.

Inaugurating EMC's second development centre here, he said the investment included developing infrastructure in marketing, research and development to provide customers seamless and pervasive securities allowing them to store, protect, optimise and leverage their information for competitive advantage.

''India has emerged as one of the top three investment destinations for EMC and our development teams here will help us deliver the best-of-breed technology solutions to our customers globally,'' he added.

EMC Executive Vice-President and RSA President Arthur Coviello said the development centre would be developed as the Common Security Platform (CSP) and would ensure acceleration of the integration of core security services throughout EMC's portfolio of products, providing customers with common, open baseline of built-in security for information infrastructure.

He said the new centre would undertake full lifecycle development of RSA's identity and access management product lines, including engineering, support and maintenance functions. It would also contribute to the development of EMC's CSP, which would integrate key security capabilities with the company's entire product line.

EMC India and SAARC President Manoj Chugh said the development centre would help meet the evolving information infrastructure needs of EMC's 350 plus customer base in India and further strengthen the company's leadership position in the information infrastructure market.

STPI Director B V Naidu, who was also present, said information management and its security offered tremendous potential in the country, which witnessed 23 per cent growth in IT product exports at 23.4 billion Dollars.

Mr Sanjayvir Singh, DIG, Economic Offences, CoD, Karnataka, said that compared to other countries, number of cyber crimes occuring in India was minimal and restricted to credit card and bank frauds.

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