Hewlett Packard Enterprise (HPE) announced its plans to invest $500 million in India over the next five years.
HPE aims 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. HPE competes with Cisco, Dell, Oracle, IBM, Lenovo, Juniper, Huawei, among others, in the global enterprise networking space for IT deals.
Antonio Neri, president and CEO of HPE, said: “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.”
HPE plans to increase its workforce in India by 20 percent over the next 3-5 years. HPE will hire new engineering talent with expertise in areas of critical importance to customers such as AI and networking.
HPE will start the construction of an extension to its Mahadevapura Campus in Bengaluru in order to house more than 10,000 employees, as well as R&D facilities.
“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 Som Satsangi, MD of HPE India.
HPE also plans to commence manufacturing in India. The US-based technology company is scheduled to start manufacturing Aruba’s portfolio of mobility and IoT solutions in India before the end of 2019.