Dell to invest more in India; sees higher growth
World's No 2 personal computer maker Dell on Thursday said it would invest more in India in the coming years to commensurate with the growth of its products in the US, adding it expects strong demands in this part of the world to continue.
Micheal Dell, CEO of the company said this amidst the company revenue from outside the US during the first quarter surpassing the same from the US for the first time and Brazil, Russia, India and China leading the accelerated growth in emerging countries with 73 per cent increase in shipments and 58 per cent rise in revenue that accounted for almost 9 per cent of Dell's total revenue.
"Indian market is growing.. Our investment in India grew close to 100 per cent. We expect to keep investing in India. We have extensive activity here-- software development, manufacturing, IT growth.
"For the last 7-8 years, our business and workforce in India grew tremendously. We expect the growth to continue so also the investment to commensurate with the growth," Dell told the visiting Asia Pacific media here.
He did not give any specific figures on the investment or expected growth numbers. Even as Dell is cutting down workforce globally on its path to post higher profit, the company is unlikely to undertake such measures in India and China where it is seeing strong growth to boost its topline.
Dell, which lost the number one PC maker slot to arch-rival HP last year, is focusing on the markets like China and India to drive the growth. The company expects out of the next billion going to be connected to the web, most of it would come from Asia. Therefore the demand (for PCs) is going to increase in Asia.