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HP Considering India as a Key Focus Area

India is key focus area, 3D printers next big thing

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HP India
HP unveils 65-inch gaming display with soundbar at CES 2019. Flickr

India is a very attractive market with high brand recognition for a computer hardware producer like HP, said HP Inc’s President for Asia Pacific and Japan, Tian Chong Ng.

The Asia Pacific region — in which India is a key focus area — has been the fastest growing for HP and provided 16 per cent revenue growth last year.

In Q1 of FY2019 it registered 8 per cent growth year-on-year, said Ng in the course of the HP Reinvent 2019 conference, the company’s largest global partner event.

One reason for that is — India – and also the Asia Pacific region — tick marks on demographics trends which provide clear wins for HP: rapid urbanisation and more millennials are joining the work force.

While HP is very positive on India and recognises its potential, there are no plans yet for setting up a manufacturing base in India. Ng said it already has a manufacturing base in China apart from others in Vietnam, Thailand and Japan.

HP
HP. (IANS)

“There is an existing ecosystem in China and we don’t have plans for setting up a manufacturing base in India, he said.

One focus area is the 3D printer, which offers HP great opportunity. Construction and automotive sectors are the focus areas here. Meanwhile, an MoU has been signed with the Andhra Pradesh government.

“To be successful in India demands that we understand it,” he said.

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HP is also pushing gaming in a big way. However, this has not led to any thinking for manufacturing mobile phones in India, despite the high number of gamers in the country spurred by affordable android phones and cheap data.

“Our strength is the PC business and we offer a whole family of products in that space,” Ng said. (IANS)

Next Story

First Hindu Temple Lays Foundation Stone in Abu Dhabi

The temple will be built in phases with all the pink stones and marble being transported from Rajasthan to the UAE capital, the Khaleej Times said

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abu dhabi, hindu temple
The temple is being built on 13.5 acres (55,000 square metres) of land gifted by Abu Dhabi Crown Prince Sheikh Mohammad Bin Zayed Al Nahyan to the Indian community. Wikimedia

The historic foundation stone-laying ceremony of the first traditional Hindu temple in Abu Dhabi was performed on Saturday in the presence of officials from India and the United Arab Emirates as well as thousands of members of the community.

The ceremony was presided over by Mahant Swami Maharaj — the spiritual leader of BAPS Swaminarayan Sanstha — the organisation building the temple, along with other priests. Indian Ambassador Navdeep Suri attended the event in the presence of over 2,500 Indians from the UAE and across the world, according to Gulf News.

Suri and BAPS Hindu Mandir committee head and community leader B.R. Shetty were among those who laid foundation stones. Some 50 priests from India were part of the ceremony, the Khaleej Times reported.

Crown Prince, abu dhabi, hindu temple
Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. Wikimedia

UAE’s Minister of Climate Change Thani Al Zoyoudi and Ahmad Bilhoul Al Falasi, Minister of State for Higher Education and Advanced Sciences, were among the attendees.  The temple will be built in phases with all the pink stones and marble being transported from Rajasthan to the UAE capital, the Khaleej Times said.

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The stones of the temple will be hand-carved by artisans in India and then transported to Abu Dhabi. Once completed, this will be the first traditional Hindu stone temple in the Middle East.

The temple is being built on 13.5 acres (55,000 square metres) of land gifted by Abu Dhabi Crown Prince Sheikh Mohammad Bin Zayed Al Nahyan to the Indian community. (IANS)