Wednesday, July 5, 2023

Haryana company and HP Enterprise collaborate on servers

 Delhi, India: Ashwini Vaishnaw, the minister in charge of communications and information technology, said on Tuesday that Hewlett Packard Enterprise (HPE), which is based in the United States, has signed a preliminary agreement with VVDN Technologies, which has its headquarters in Gurugram. Under the terms of this agreement, they intend to produce high-end servers that will be worth $1 billion over the course of four to five years.

VVDN has over 10 years of involvement with item designing and assembling electronic arrangements. The organization assists with start to finish plan, improvement, and assembling of hardware items and arrangements.

Within ten days of the India-US joint statement on co-production and technology development, the memorandum of understanding (MoU) was signed. HP Venture has consented to deliver top of the line servers in India under the IT equipment PLI conspire. Vaishnaw stated, "They have signed the first MoU with VVDN Technologies under the scheme."

According to the minister, production is anticipated to begin in November of this year. Antonio Neri, president and Chief of HPE, said the improvement denotes a huge achievement for the organization and repeats its obligation to the 'Make in India' drive.

In 2019, HPE announced a $500 million investment in India over five years.

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