Crafting Comfort: The Future of Footwear in India
An article by Gagandeep Kohli, CEO of NoStrain India is the world’s second-largest footwear producer, after China, as was previously…
Hewlett Packard Enterprise (NYSE: HPE) recently announced its plan to invest $ 500 million in India over the next five years. This strategic investment underscores HPEÂs long-term commitment to India. Hewlett Packard Enterprise is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze, and act upon data seamlessly from edge to cloud.
Speaking on the development, Ravi Shankar Prasad, Union Minister for Law & Justice, Communication and Electronics & Information Technology, commented, “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. This shows the rising confidence of global investors in India’s rapidly growing electronics manufacturing sector and the success of Digital India.”
This investment will enable the company to grow its operations, manufacturing and employee base in the country. Apart from this, investment will increase a companyÂs R&D and services exports. Further, itÂs investment in technology initiatives will help to drive positive change for local Indian communities.
ÂThe Modi 2.0 administrationÂs 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.
Adding further, he said, ÂIndia 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 HPEÂs global business, as well as benefit our customers, partners, employees and the citizens of India.Â
HPE to increase its workforce in India by 20%
To support IndiaÂs continued growth as a strategic market for HPEÂs 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.
ÂTo 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, said Som Satsangi, MD, HPE 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. 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.
Manufacturing ArubaÂs Portfolio of Mobility and IoT Solutions in
India
HPE also plans to commence manufacturing in India. The company is scheduled to start manufacturing ArubaÂs portfolio of mobility and IoT solutions in India before the end of 2019. Data and connectivity are catalysts for growth in India, and ArubaÂs strong intellectual property and mobile-first philosophy make it ideally poised to facilitate this growth. The manufacturing capability in India will allow Aruba to rapidly innovate networking solutions that will deliver benefits in support of the Digital India agenda and to customers across the country.
Drive Positive Societal Change through Investments in Innovation
The HPE investment also includes innovations in support of the Indian governmentÂs initiatives to apply technology to drive positive societal change in critical areas.
Drive Digital Transformation
Finally, the HPE investment will help enterprises in India redefine experiences, drive intelligent operations and extract value from their data.
Now time will only tell, how much this investment will help India to grow?
Advertisement