DataDirect Networks To Invest Rs 500 Cr To Manufacture Data Storage Solutions In India

- Advertisement -

The company is also exploring partnering with some of the electronics contract manufacturers who have qualified for the IT hardware PLI scheme

American data storage company DataDirect Networks (DDN) is looking to invest around Rs 500 crore in the next five years to manufacture data storage solutions in India.

In an interaction with PTI, DDN Storage General Manager for India and Southeast Asia Atul Vidwansa said that the company is going to scale its Delhi-NCR-based manufacturing unit to achieve 100 petabytes storage capacity by mid-2022 with an initial investment of Rs 100 crore. It expects to start rolling out commercial products from the unit from mid-December.

- Advertisement -

“We have a factory in place with around 250 people. We expect to roll out the first product from our factory in India from mid-December. Initially, we will make an investment of Rs 100-250 crore to begin, which we will continue doing for five years to a cumulative investment of Rs 500 crore,” Vidwansa said.

Additionally, the company is also evaluating participation in the production-linked incentive (PLI) scheme for IT hardware.

The company is also exploring partnering with some of the electronics contract manufacturers who have qualified for the scheme.

DDN’s manufacturing unit will be its first facility outside the US. The company will make storage solutions to meet the need of the high-performance computing segment, cloud business and data centres in India.

Vidwansa said the company makes final products used by end-customers by using components from partners and scaling up the production speed of DDN’s manufacturing plant will be dependent on the pace at which the company’s partner ramp up their supplies in India.

“We measure capacity in terms of petabytes, terabytes shipped from the factory. Initially, we plan to ship about 100 petabytes (PB) per year from our factory in India by mid-2022 and we plan to scale it up to 500 PB from early-2023,” Vidwansa said.

The company is looking at partners to start its operations in India.

“The period of first six months is a grace period for us where we will have agreements with all our suppliers, their production delivery capacity in India. The Rs 100-crore investment will be made between now and the middle of the next year,” Vidwansa said.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...
Gursaurabh Singh, Founder of Dhruv Vidyut

“Electrifying Rural Mobility- Converting Traditional Bicycles Into E-Bikes”

0
In a conversation with Nitisha Dubey from EFY, Gursaurabh Singh, the Founder of Dhruv Vidyut, discusses their conversion kit, which can transform any conventional...
Rahul Bollini, the Founder of Bollini Energy

“Formal Contracts For Long-Term Commitments Are Not Always Necessary”

0
Bollini Energy collaborates with various companies interested in understanding the complete value chain of Lithium-ion cells. They offer technical services that span from mining...

Buzz

Government Expands Electronics Manufacturing, Doubles Output

0
Ashwini Vaishnaw emphasises government efforts to expand electronics manufacturing, aiming to double production and employment in five years, alongside implementing the DPDP Act. India's electrical...

Assam To See 1000 MW Solar Power Project Shortly

0
The Chief Minister of Assam announced that the construction of the Karbi Anglong solar power project will begin soon.  Himanta Biswa Sarma, the Chief Minister,...

TIER IV And Suzuki Partner For Autonomous Driving In Japan

0
Tier IV, a pioneer in developing Autoware, the first open-source software for autonomous driving in the world, has formed a business alliance with Suzuki...

Important Sectors

Government Expands Electronics Manufacturing, Doubles Output

0
Ashwini Vaishnaw emphasises government efforts to expand electronics manufacturing, aiming to double production and employment in five years, alongside implementing the DPDP Act. India's electrical...

Assam To See 1000 MW Solar Power Project Shortly

0
The Chief Minister of Assam announced that the construction of the Karbi Anglong solar power project will begin soon.  Himanta Biswa Sarma, the Chief Minister,...

TIER IV And Suzuki Partner For Autonomous Driving In Japan

0
Tier IV, a pioneer in developing Autoware, the first open-source software for autonomous driving in the world, has formed a business alliance with Suzuki...

Mahindra Group Pursues Global Partnerships For EV Expansion

0
Mahindra Group seeks global partners for local battery cell production to meet rising electric vehicle demand and plans to list Mahindra Electric Automobile Ltd...

Essar Plans $3.5B Green Hydrogen Plant In Gujarat

0
The Mumbai-based metals-to-infrastructure conglomerate has planned an investment of Rs.30,000 crores in a green hydrogen plant. The company says this will boost its business...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...