HP Enterprise to set up innovation hub in India
Hewlett Packard Enterprise (HPE), the enterprise division of HP that became a separate company effective November 1, plans to open an innovation hub in India that will assist startups to scale their operations.
The hub will be open by the end of November but the company declined to name the location. “We will help startups with technology, expertise in architecting solutions, and application testing,” Neelam Dhawan, country managing director, Hewlett Packard Enterprise, told TOI.
She noted that a very innovative entrepreneurial environment was emerging in India, but many entrepreneurs required help in a variety of ways. A number of technology MNCs have begun to work with startups in India to benefit from each other.
HP Enterprise, which started trading as a separate entity from Monday on the New York Stock Exchange, will focus on transformational projects, on cybersecurity, data analytics and workplace productivity in India. Dhawan said cloud, mobility and analytics was dramatically changing the way enterprises needed to work and that this was creating demand for transformational projects. Dhawan, who has been heading HP’s India business since 2008, said such projects had made 2015 much better and more vibrant than the year before. “We have benefited from the 4G rollout, from banks refreshing their systems, from e-tailing and from analytics,” she said.
The hardware division in India, which sells desktops, PCs and printers and named Hewlett Packard Inc, will be led by Rajiv Srivastava, who was VP and GM of the united HP India’s printing and personal systems division.
HP Enterprise, globally led by Meg Whitman, has about $53 billion in annual revenue and 252,000 employees.
Shares of HP Inc soared by 11% in early trading on Monday, significantly higher than the 3% increase of HP Enterprise shares. But HP Enterprise is seen as the faster growing business.