HP To Re-Invest in India for Clouds

HP To Re-Invest in India for CloudsHP (Hewlett-Packard) has become a leading giant in the hardware and printing industry in India. Within a very small amount of time, HP has gained a sustainable share in India’s market.

HP grabs 70% of market share in ink hardware and 45% share in laser jets. Indigo (photo category) HP holds the largest share of 90% along with 70% share in design work. With this much enormous share, the company is bound to be bullish about the unexplored market in India.

“HP considers India as the market for enterprise growth for its growing GDP and plans to re-invest its profits in India itself for the Research and Development of cloud computing. I think the important part for us is to reinvest in, because I think 16-17% operating margin is the right profit and what we want to do is we want to continue to invest into the web connected cloud-aware printer, web press technology”, said Mr. Vyomesh Joshi, Executive Vice President of Hewlett-Packard's imaging and printing business,

HP is quiet optimistic on the Asian market with giants like India and China. Brazil, Russia and Middle East are also being targeted by HP and are seen as major contributors to the company’s Revenue.