24 July 2019, India:
Hewlett Packard Enterprise (HPE) today announced its plan to invest $500 million in India over the next five years to drive innovation and growth.
This strategic investment underscores HPE’s long-term commitment to India and will enable the company to grow its operations, manufacturing and employee base in the country, increase its R&D and services exports, as well as invest in technology initiatives to drive positive change for local Indian communities, the company said in a statement.
To support India’s continued growth as a strategic market for HPE’s global business, HPE plans to increase its workforce in India by 20% over the next three to five years. In particular, HPE will hire new engineering talent with expertise in areas of critical importance to customers such as AI and networking.
HPE also plans to commence manufacturing in India. The company is scheduled to start manufacturing Aruba’s portfolio of mobility and IoT solutions in India before the end of 2019.
Antonio Neri, President and CEO of HPE and a member of the US-India CEO Forum, said, “The Modi 2.0 administration’s vision of a $5 trillion economy is impressive and fitting for a country with this level of energy and opportunity.”
Antonio Neri, added, “India is one of the largest and fastest-growing economies in the world, and our investments will further develop the country as a critical market for HPE’s global business, as well as benefit our customers, partners, employees and the citizens of India.”
Mr. Ravi Shankar Prasad, Union Minister for Law & Justice, Communication and Electronics & Information Technology, said, “It is a matter of great assurance that a global giant like Hewlett Packard Enterprise is making big investments in India both in manufacturing as well as research and development.”
Mr. Ravi Shankar Prasad, added, “This shows the rising confidence of global investors in India’s rapidly growing electronics manufacturing sector and the success of Digital India.”
Som Satsangi, MD, HPE India, said, “Through our strategic investments in India we will continue to enhance our ability to help customers use technology to redefine experiences, improve operations and achieve their business goals.”
Som Satsangi, added, “To deliver on that commitment, we are creating a culture for growth and innovation at HPE. Our new campus will help us to retain and attract quality talent to deliver for our customers and for the citizens of India.”
HPE will also begin construction of a high-tech extension to its Mahadevapura Campus in Bengaluru that will be able to house more than 10,000 employees, as well as state-of-the-art R&D facilities.
The HPE investment also includes innovations in support of the Indian government’s initiatives to apply technology to drive positive societal change in critical areas (eEducation, eHealth, Digital Village).
The HPE investment will help enterprises in India redefine experiences, drive intelligent operations and extract value from their data.
(Image – HPE)