38.6c New Delhi, India, Monday, June 17, 2024
Business

Zoom, Inc. Announces to Make ‘Significant Investment’ In India in the Next Five Years; Clarifies that it is not Chinese

By Harshil Jain      10 July, 2020 04:03 PM      0 Comments
Zoom, Inc. Announces to Make ‘Significant Investment’ In India in the Next Five Years; Clarifies that it is not Chinese

After some sections in India started targeting Zoom over its connections with China and alleged data breach policies, the company has clarified its position on the issue and statedthat it is based in the United States and has offices in China that are operated by its subsidiaries. The company also said it is planning to invest in India in the coming years.

The move came days after calls for a boycott of the video conferencing platform rose among the Indian population. Confederation of All India Traders (CAIT) has boycotted the platform ever since the tensions between India and China have risen over the military face-off at Galwan Valley in the Union territory of Ladakh.

Zoom is involved in a controversy that its servers, which are situated in China, are vulnerable to data breach and is not safe for India as a communication platform. The company said that it would give control to its paid users over the data centers through which their data is routed.

On Tuesday 7 July 2020, a senior executive of Indian origin at Zoom said that the company is planning to make ‘significant investments’ in India in the coming years and will also hire top talents in the country.

The company, in its statement, said, “We do recognize that as we continue to introduce ourselves to the Indian market, there has been some confusion about the facts as it relates to Zoom. We want to work through these. Some of the misconceptions are disheartening, especially those about Zoom and China.”

The president of Product and Engineering at Zoom Video Communications, Inc., Mr. Velchamy Sankarlingam, clarified that the company has offices in China that are controlled and operated by subsidiaries of the NASDAQ listed company. 

He said, “Zoom has been clear about its identity: Zoom is a US-based company, publicly traded on the NASDAQ (National Association of Securities Dealers Automated Quotations exchange), founded and headquartered in San Jose, California. And like many global technology companies, Zoom has offices in China operated by subsidiaries of the US parent company.”

“We look forward to engaging with more stakeholders in India in the coming months to support key priorities such as Digital India, Startup India, and Skills India, as well as introducing them to Zoom,” said the company.

“We also have plans for significant investment in the country over the next five years and beyond, including expanding or footprint and hiring more top talent in the region,” it added, “India is and will continue to be an important market for Zoom, and we are excited to build on the exciting opportunities we see in the region.”



Share this article:



Leave a feedback about this
TRENDING NEWS


TOP STORIES

plea-filed-in-sc-for-fresh-neet
Trending Judiciary
Plea filed in SC for fresh NEET

Plea filed in Supreme Court seeks fresh NEET-UG 2024 exams due to alleged paper leaks and malpractices. Petitioners demand a Special Investigation Team and preventive measures.

11 June, 2024 10:49 AM
plant-30-trees-delhi-hc-orders-senior-citizen-accused-of-outraging-womans-modesty
Trending Judiciary
'Plant 30 trees', Delhi HC orders senior citizen accused of outraging woman's modesty

Plant 30 trees Delhi High Court orders senior citizen accused of outraging womans modesty

11 June, 2024 11:17 AM
no-liability-under-ni-act-for-dishonoured-cheques-of-merged-banks-presented-after-validity-period
Trending Judiciary
No liability under NI Act for dishonoured cheques of merged banks presented after validity period [Read Order]

Allahabad High Court rules that dishonoured cheques from merged banks presented after the validity period won't attract liability under Section 138 of the NI Act.

11 June, 2024 11:29 AM
modi-30-cabinet-full-list-of-ministers-and-their-respective-portfolios
Trending Executive
Modi 3.0 Cabinet: Full list of ministers and their respective portfolios

Modi 3.0 Cabinet: Amit Shah, S. Jaishankar, Nirmala Sitharaman, and Rajnath Singh retain key roles; allies TDP, JD(U), LJP, JD(S) secure major ministries.

11 June, 2024 03:11 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email