(from left) Tom Sebastian,Director, Supply Chain Management, Kalyan Muppaneni, Director, and B Suryanarayanan, CEO, and Venkata Rama Krishna, and Director of Factory Operations, Exatron, announcing the details of new plant in Andhra Pradesh
Hyderabad: Exatron Servers on Monday said it is setting up a manufacturing and assembly plant in Tirupati, Andhra Pradesh and plans to invest Rs 360 crore over the next five years to scale its operations.
The facility, located at the Industrial Park Electronic MFG Cluster - II in Tirupati, is spread across over 2 lakh sq ft area and will be the assembling and manufacturing centre for high-end servers and storage products, the company said a statement. Exatron Servers Manufacturing will commence construction of the facility by early March and expects the manufacturing unit to be ready for commercial shipments within the next nine months, it added.
The initiative promises to create local employment opportunities for up to 900 employees in the next five years, it added. "We are excited to announce this endeavour in order to meet the rapidly growing needs of the Data centre and Cloud market in India. With the advent of lower mobile data costs and increasing awareness, there is a surge in demand for servers amongst the Indian enterprises," Exatron CEO Suryanarayanan B said.