Hewlett Packard Enterprise (HPE), a leading US technology company, disclosed on Tuesday, July 4, that it has teamed up with VVDN Technologies, an Indian producer, to start producing some of its high-volume servers under recently announced Production Linked Incentive (PLI) Scheme 2.0.
This action, which follows Prime Minister Narendra Modi’s recent state visit to the US, intends to increase India’s domestic production capabilities. Within the first five years of production, HPE and the collaborators intend to produce high-runner servers in India valued about $1 billion.
According to a statement, “HPE has partnered with Indian manufacturer VVDN Technologies to manufacture HPE’s products from its plant in Manesar in Haryana because of India’s fast expanding electronic manufacturing environment.”
Read More: Vimeo Introduces AI-Powered Script Generator And Text-Based Video Editor
Officials from HPE and VVDN Technologies met with Union Electronics and IT Minister Ashwini Vaishnaw on Tuesday to discuss the effort in detail prior to the announcement. Vaishnaw applauded the decision of the US tech giant to begin manufacturing in India.
According to the announcement, Vaishnaw added, “We welcome HPE’s decision to start their manufacturing line in India as it will enhance domestic production capacities. We think that manufacturing huge amounts of IT gear will contribute to widening and deepening the manufacturing ecosystem.”
India is to become a hub for electronics system design and manufacturing (ESDM), thanks to the recently unveiled Production Linked Incentive (PLI) Scheme 2.0. This scheme for IT Hardware proposes a financial incentive to expedite domestic manufacturing and attract huge investments in the value chain.
