Commercial printers of Rs 2,500 crore, including HP, IBM, Dell and Lenovo, to join hands at Hyderabad conference
HP, Dell, Lenovo, and HP Elite servers will all be joined by a joint venture, HP India and HP Global, to build commercial printers and data storage solutions.
The HP India team is led by its chairman and CEO, Rajesh Pachauri, who has also taken over as chairman of Lenovo.
HP Global will help with logistics, logistics, marketing and supply chain support.
According to a statement by HP India, the two teams will begin their operations this month, with a goal of deploying 3,000 HP machines per month by June 2018.
It is the first commercial partnership between two of the world’s largest companies.
HP India plans to start with a single-site factory and then expand to other facilities.
The joint venture will build on the partnership with the India-based IBM to provide high-end commercial printers, such as HP Elite laptops and high-performance servers.
The collaboration will also help accelerate the deployment of the latest HP printers and servers.
The announcement comes at a time when India’s IT sector is witnessing a significant shift.
IBM and HP announced the formation of a joint business unit earlier this year, to accelerate the development of India’s next generation commercial and server technologies.