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Hewlett Packard Enterprise to invest USD500m in India.

M2 EQUITYBITES-July 25, 2019-Hewlett Packard Enterprise to invest USD500m in India

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Global technology company Hewlett Packard Enterprise (HPE) (NYSE:HPE) announced on Wednesday its plan to invest USD500m in India over the next five years.

This strategic 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 to drive positive change for local Indian communities.

According to HPE, to support India's continued growth as a strategic market for its global business, the company 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.

Also, HPE will begin construction of a high-tech extension to its Mahadevapura Campus in Bengaluru that will be able to house over 10,000 employees, as well as state-of-the-art R&D facilities.

Upon completion, this 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.

In addition, 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.

HPE's investment also includes innovations in support of the Indian government's initiatives to apply technology to drive positive societal change in critical areas. These include eEducation, eHealth and digital village.

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Publication:M2 EquityBites (EQB)
Geographic Code:9INDI
Date:Jul 25, 2019
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