Broadcoms 2-b Investment Potentially Impacts VMware's India Operations By CIOTechOutlook Team

Broadcoms 2-b Investment Potentially Impacts VMware's India Operations

CIOTechOutlook Team | Saturday, 30 September 2023, 02:44 IST

The semiconductor manufacturing giant is acquiring VMware for $61 billion and is presently seeking regulatory approvals throughout the world. VMware invested $2 billion in India over a five-year period in 2018. “The $2-billion investment is well on track to be completed, and India remains a major investment area for us from an internal operations point of view. We will continue to invest in multiple areas, going forward,” Raghuram added.

Underscoring the importance of its Indian employee base, he noted that every aspect of the company, including IT, business operations, customer operations, global support, and finance, is represented in India. VMware has a talent base of more than 35,000 employees globally, of which, a significant chunk is based in India, as per businessline.

The company said it has enjoyed secular growth across multiple segments in India. The IT/ITES, Banking, and Telecommunications verticals have been the ‘fulcrum of the business’. VMware is seeing the next big near-term opportunity in the government and public sector. “The sector is starting to make investments at scale as it envisions to provide citizen services without manual intervention to the masses of India,” said Pradeep Nair, Vice-President and MD, India.

It also sees manufacturing prospects on the horizon as interest in reshoring global manufacturing operations to India grows. Raghuram observes that many industrial and logistical operations will necessitate the technology provided by VMware, making it a significant sector for the firm in the future.

“India is one of the fastest-growing economies in the world and we are super bullish. As India tries to become a larger economy in the world, we intend to have a strong presence on the go-to-market side and continue building operations at scale,” Raghuram said.