Along with inaugurating its new campus in India, EMC announced Thursday that it will increase its investment into the Indian market by $1.5 billion over the next five years, according to a company statement. The figure is a three-fold increase from the technology company's investments in that market over the past five years.

EMC will focus the new investment on three key areas: expanding its research and development infrastructure on the India campus, increasing the campus's global services reach and expanding its staff of technologists. The company hopes the infusion of capital in those areas will propel EMC India to "its next phase of growth."

The new campus is located in a 60-acre technology park in Bengaluru. The Center of Excellence consolidates EMC's research and development and global service divisions into one centralized location. The site houses one of EMC's largest R&D centers outside of the U.S. The building was issued a LEED Gold certification by the U.S. Green Building Council.

"In these economic times leaders get stronger by their ability to make smart investments," EMC EVP and CFO David Goulden said in a statement. "EMC's commitment of $1.5 billion over the next five years illustrates the important role India will play in the company's long-term strategic APJ and global growth plans."

In its earnings announcement for the second quarter of 2009, reported in July, EMC said its revenue was up from the first quarter but remained substantially lower than it was in the second quarter of 2008. Its total 2Q revenue was $3.26 billion, net income totaling $205.5 million. The company attributed bulk of the revenue to its storage, security, content management and archiving businesses, with the U.S. market accounting for half of the revenue.

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