Wednesday, July 24, 2019

HPE to invest $500m in India over 5 years

Wednesday, July 24, 2019  ,  

Hewlett Packard Enterprise will invest $500 million in India over the next five years in an effort 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.

Specifically, 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 state-of-the-art R&D facilities. When complete, the 1.3-million-square-foot campus will feature a state-of-the-art workplace, powered by HPE technologies, designed to enhance the employee, customer, and partner experience and foster a culture of innovation. The campus will support a broad range of functions including R&D, engineering services, finance, and sales.

“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.”

"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 Mr. Ravi Shankar Prasad, Union Minister for Law & Justice, Communication and Electronics & Information Technology. “This shows the rising confidence of global investors in India's rapidly growing electronics manufacturing sector and the success of Digital India."