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HP To Invest $500 Million In India To Expand Bengaluru Campus, Commence Manufacturing Operations
Representative image of an HP laptop. (Pic via HP store website)
US-based PC manufacturing giant Hewlett-Packard Enterprise (HPE) has released a statement revealing its plan to make investments to the tune of $500 million in India over the coming five years, reports Livemint.
Moreover, the company wants to boost its Indian workforce by 20 per cent in 3-5 years; it wants to begin its manufacturing operations in India before the end of 2019.
Most of the funds poured into the country by HPE will be directed at growing its operational, manufacturing and research & development (R&D) capabilities. The company will also build a high-tech extension of its Mahadevapura campus in Bengaluru, where it will eventually have capacity to house 10,000 employees.
“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 MD, HPE India, Som Satsangi.
The company’s initial domestic manufacturing thrust is aimed at producing mobility and internet of things (IoT) products offered by its subsidiary Aruba.
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