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Business

HP India to explore opportunities

By Our Staff Reporter

BANGALORE MAY 8. The new HP will be on the prowl to explore every available business opportunities in the Indian market while unveiling new India-specific products. HP would also restructure its business which includes lay-offs of 15,000 personnel located worldwide, and "India will also be affected by this move.

The identified employees will go through a selection process but there is always scope for growth due to our expansive expansion plans,'' remarked Balu Doraiswamy, President, Hewlett-Packard India Pvt Ltd. At present, HP India employs 800 personnel for its domestic business which excludes the eServices and HP-ISO business units.

The HP-Compaq merger which officially concluded on May 3 has witnessed the new entity consolidating its presence worldwide.

In India the corporate restructuring has Ravi Swaminathan in charge of personal systems unit at HP India, imaging and printing division would be headed by Ravi Aggarwal and Kapil Jain would be in charge of HP Services.

HP has bagged contracts valued at $100 million over the last four months. Some of the customers include Ericcson and GTB. The Indian corporate headquarters are likely to be centralised around the Delhi, Mumbai and Bangalore segments, according to Mr. Aggarwal.

As part of its Indian business strategies, in market conditions which are yet to pick up, HP plans to invest to "bring out new products in India. We are looking at growing our domestic business over the next year which will see the launch of new products across board,'' Mr. Doraiswamy told The Hindu.

While both Compaq Presario and HP Pavilion have established a strong brand presence individually in global markets, in India Presario has a stronger brand presence, "hence while both brands would continue to have their presence abroad, we are evaluating options in India,'' the new HP India President said.

On future guidelines, HP India has projected flat revenues, however, "we will not see any decline but no great growth is expected either,'' added Mr. Doraiswamy.

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