Intel on Wednesday signed a Memorandum of Understanding (MoU) with Gurugram-based VVDN to design, develop and manufacture Intel-based products for their customers locally in India.
This collaboration will cover business, technical and go to market engagement models within India and globally. VVDN will design and develop Intel-based Client, Data center and Internet of Things (IoT) products across key verticals such as Telecom, Networking, Cloud and 5G.
The two companies will further work together to define product roadmap, build new ecosystem alliances and work on joint go-to-market strategies for Intel-based products in alignment with market needs.
In a statement, Steve Long, Corporate Vice President – Sales, Marketing and Communications Group & General Manager of Asia Pacific and Japan (APJ) Region said, “At Intel, we feel strongly about India’s tremendous promise for impactful technology innovation. India has made incredible progress in electronics component making and chip designing and we are excited about the opportunities that the Government of India’s Make in India program is creating for local technology ecosystem.”
The collaboration will be in line with PM Modi’s Make in India (MII) initiative, which encourages companies to develop, manufacture and assemble products made in India and incentivises dedicated investments into manufacturing.
To provide impetus to the initiative, the Indian Government launched Production Linked Incentives (PLI) scheme which offers financial incentives to boost domestic manufacturing and make it more resilient to supply chain disruptions. After the success of mobile phone manufacturing, PLI scheme was launched for IT Hardware, Telecom and Networking.
VVDN is an approved beneficiary under the PLI scheme of GoI.
“Our collaboration with VVDN is core to our strategy of building new alliances that help enable access, opportunities and boost local supply chain. We will continue to work with the government, industry, and community to create meaningful impact for the country”, added Long. BusinessWorld