Networking solutions firm Brocade today said it will invest USD 300 million (about Rs 1,870 crore) in India over the next five years for supporting its new IP innovations.
The investments will be utilised for adding capacity to its India operations and grow its development team and sales team in the country.
Brocade also announced opening of a new Development Centre in Bangalore and said, "it will invest USD 300 million in India over the next five years."
The company said, "It is making new investments in India as an additional base to support its new IP innovations."
So far, the company has invested USD 400 million (about Rs 2,500 crore) in India since it began operations here in 2006. It provides ethernet, storage and converged networking solutions.
The company's new development centre in Bangalore, which was part of the USD 400 million investment plan, will play an important role in the development of networking innovations based on its new IP architecture.
Brocade believes that India is the ideal test bed for the new IP architecture as enterprises and service providers here are receptive to open standards.
The company's centre reaffirms its commitment to accelerate growth in one of the world's fastest-growing economies and will play a key role in developing networking innovations based on the new IP architecture, it added.
The centre will work on solutions targeting industry verticals such as service providers, media, banking & finance, education and the public sector.
It will enable Brocade to showcase proofs-of-concept and pilot projects for customers and partners.
"In line with Brocade's plans to advance its leadership in these emerging and transformative technology areas, it will add new capacity in the India operations and effectively grow its development team in India, while expanding its sales force to support market growth," it said.
India is also home to the engineering teams of two recent Brocade acquisitions -- Vistapointe and Connectem.
The country is a key market for the firm's growth plans and leadership in software networking and virtual network functions, critical technical components in new IP networks.
"We believe India will be an early adopter of new IP technologies and we are very excited to be in this next phase of Brocade's growth in India," its CEO Lloyd Carney said.
Brocade is focusing its investment on acquisitions that increase depth in software networking as well as strengthens its footprint and engineering capability in markets where it expects growth potential, he added.
