India's Ministry of Electronics and Information Technology (MeitY) recently approved 29 proposals for electronic component manufacturing, representing a total investment of over $750 million. The initiative is part of a push to expand India’s domestic production capacity to $500 billion by fiscal year 2031. Key Projects and Beneficiaries The approved...
HP Enterprise, VVDN Tech, to Manufacture $1Billion Worth of Servers in 4-5 years
Palo Alto CA-headquartered Hewlett Packard Enterprise (HPE) and original design equipment maker VVDN Technologies headquartered both in Gurugram, India, and Fremont, CA, signed a pact to produce high-end servers worth $1 billion in the next five years. The production is expected to start from November this year. India recently announced...