Hewlett Packard Enterprise to invest $500 million for India growth

BENGALURU: Hewlett Packard Enterprises (HPE) will invest $500 million in India over the next five years to grow its operations and begin manufacturing in the country.
HPE said it would begin building a high-tech extension to its campus in Mahadevapura, in Bengaluru, that will be able to house more than 10,000 employees as well as state-ofthe-art R&D facilities.

“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,” said Antonio Neri, president and CEO of HPE and a member of the US-India CEO Forum.

The company said it would start manufacturing Aruba’s portfolio of mobility and IoT solutions in India before year-end. In the budget, the government said it was looking to boost electronics manufacturing and said it would launch a scheme to invite global companies to set up mega manufacturing plants.

“It is 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,” said Ravi Shankar Prasad, minister for communication, electronics & IT. “It shows the rising confidence of global investors in India's growing electronics manufacturing sector and success of Digital India.”