MUMBAI: Market opportunity in India is promising, the newly merged hardware and storage provider Dell-EMC said on Wednesday, asserting that it does not see any job cuts in the country.

"Currently not to my knowledge...Not aware of India-based anything being brought to me," its president for enterprise business Rajesh Janey told PTI when asked about the domestic impact of the recently announced job losses.

"If the market opportunity is this huge, the customers are wanting us and the more solutions coming in, it is hard to imagine you will be cutting down your customer engagement force," he added.

Post their $67 billion merger, the combined entity called Dell Technologies has confirmed to job losses but has not specified a number.

Janey said the company is looking at the country both as a market for its products and services, and also as an research and development hub. It also has a manufacturing facility near Chennai.

When asked about any setback on the R&D jobs, Janey replied in the negative.

There is no product overlap between the two companies, he said, hinting that each unit will continue on its individual research efforts and added the products play a complementary role to each other.

Both the companies have presence in the country for long. While EMC used to employ 6,000 people, Janey refused to disclose the number of people at Dell.

He said India will be third largest by number of employees for the combined entity, Dell Technologies, that has a strength of 1.40 lakh people.

India is also the fastest growing market when it comes to revenue growth, he said, adding that Dell-EMC had a market share of 40 pct in both storage and all-flash drives category last quarter.

Janey acknowledged that customers' shifting to cloud-based services, rather than having storage on the premises is a "reality", but said having a hybrid model combining both will be sought after by the market.

He said the company already serves cloud infrastructure providers and added that one of the sister companies already serves this opportunity.

Even though a slew of global electronic manufacturers are making announcements of setting up a base in the country, Janey declined to answer a question on this saying no strategy has been finalized yet.

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