Hewlett Packard Enterprise (HPE) said that it will invest $500 million in India over the next five years. The investment 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.
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 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 R&D facilities. The campus will support a broad range of functions including R&D, engineering services, finance, and sales.
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.
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.
“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,” said Antonio Neri, President and CEO of HPE and a member of the US-India CEO Forum.
“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,” said Neri.
“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,” said IT Minister Ravi Shankar Prasad.
“This shows the rising confidence of global investors in India’s rapidly growing electronics manufacturing sector and the success of Digital India,” he added.
“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,” said Som Satsangi, MD, HPE India.
“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.”If you have an interesting story to share, please send it to [email protected]