New Delhi: On Tuesday, Union Minister Ashwini Vaishnaw announced that US-based Hewlett Packard Enterprise has signed a first contract with VVDN Technologies to create high-end servers with a combined value of USD 1 billion over the next 4-5 years.
Within ten days of the India-US joint statement on co-production and development of technology, a memorandum of understanding (MoU) was signed.
"I'm happy to report that HP Enterprise has committed to manufacturing high-end servers in India as part of the IT Hardware PLI scheme that our prime minister just approved.—Inputs from Agencies