Cloud computing and storage solutions company Hewlett Packard (HP) will start manufacturing high-end servers in India C in partnership with VVDN Technologies.
The company aims to make around $1 billion worth of products from VVDN's plant in Manesar, Haryana, in the next five years.
HP Enterprises (HPE) is likely to be one of the earliest players to start manufacturing in the country under the recently-revised production-linked incentive (PLI 2.0) scheme for IT hardware.
The new manufacturing operations will support the growing demand from customers in India and diversify HPE's global supply chain, the company said on Tuesday.
According to IDC's latest Worldwide Quarterly Server Tracker, India's server market witnessed a significant growth of 52.9 per cent yearon-year (YoY) by vendor revenue. It stood at $2.3 billion in the calendar year 2022. India's server market is expected to grow at 7.5 per cent compound annual growth rate (CAGR) for the 2022-2027 period.
This story is from the July 05, 2023 edition of Business Standard.
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This story is from the July 05, 2023 edition of Business Standard.
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