HDS to set up 100% subsidiary in India

By SiliconIndia   |   Tuesday, 18 November 2003, 08:00 Hrs
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NEW DELHI: Hitachi Data Systems (HDS) would be setting up a 100 percent subsidiary in India by next year. HDS is planning to invest $500 million globally and this includes the investment of setting up its subsidiary in India.

HDS is a wholly owned subsidiary of Hitachi Ltd. The company has also devised new plans to address the Indian market and extend its presence in the entire storage solutions domain. It has also appointed Ingram Micro as its sole distributor in India. The company already has Wipro and Apara as its technology partners.

HDS APAC and International America’s product marketing and management VP, Tom Zack said, "India is important to our corporate strategy as we see a lot of opportunity in the market, as it is the second highest growth market in Asia after China."

In India, the company has identified four pillars of growth – global solutions and services, storage software, SMEs and Network Attached Storage (NAS). The company sees India as one of the fastest growing markets with banking, finance, security and insurance (BFSI), IT, telecom and the government being the key focus areas.

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