Array Networks to pour $20m in India for product innovation and design center
President and CEO, Array Networks
Array Networks Inc is investing $20 million in India to set up and run Array Center for Technology Innovation (ACTI). It is focused on product innovation and design center, as well as augmentation of highly skilled research and technical manpower. Array Networks aims to increase its manpower by 500% by the end of 2019.
Fiscal 2018 saw a promising YoY growth of 40% in the India market. The major chunk of this impressive growth came from the government, BFSI, aviation, media and education verticals. With this investment Array Networks will 'Design in India' by developing innovative, cutting-edge technology solutions from India for all its global requirements.
Michael Zhao, President and CEO, Array Networks said, "India is one of the fastest growing regions for Array Networks, and we are excited to see the growth momentum our India team has been able to achieve under the leadership of Shibu Paul. We are aiming to address larger and strategically important customers in the region and add to our skilled technical manpower to drive even more growth. The key to our continued success will remain in our ability to be nimble yet provide leading-edge technology solutions that truly benefit our customers."
Array Networks envisages a progressive growth and ROI from its and expects to increase its high-skilled technical workforce for the lab by 5x.
The lab will help Array Networks design custom-made solutions for global customers and enable the company to launch new products in shorter timelines. Apart from the ACTI, Array Networks also intends to set up an advanced repair center for customers in the region.
"With a strong recognition of current Indian market dynamics, Array Networks aims to focus the team's expert knowledge on tapping into the right resources at the right time," said Shibu Paul, Vice President of International Sales, Array Networks. "Our goal is to bring about a paradigm shift in terms of planning, approach and implementation of Array's products and solutions in India and the extended region by making use of our state-of-the-art technology."