HP Enterprise (Hewlett-Packard), a global multinational company, is planning to invest $500 million ( half-a-billion) in India over the next five whole years.
The investment emphasises on HP Enterprise’s commitment to India will allow the company to expand its operations, manufacturing, and employee base in India. Its fresh funds help in growing R&D, services exports, and technology initiatives to steer a change for local communities in India.
Antonio Neri, President of HPE in a press release
“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.”
“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.”
HP Enterprise global business is planning to increase the workforce by 20% in India, giving itself a deadline for the next three to five years. HP Enterprise will hire new engineers with expertise in particular areas like AI and networking.
HP Enterprise will start construction of high tech extension to Mahadevapura Campus in Bengaluru to house more than 10,000 employees. The campus will have a wide range of function- engineering services, R&D, finance, and sales.
Ravi Shankar Prasad, Union Minister for Law and Justice
“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.”
HP Enterprise also wants to start a manufacturing unit in India where it began scheduling for manufacturing Aruba’s portfolio of mobility and IoT solutions in India.