Dell Explores New Investment in Bengaluru to Strengthen R&D Presence

• ByStartupStory     |    September 30, 2023

Texas-based technology giant Dell is contemplating a fresh investment in its research and development (R&D) center in Bengaluru, Karnataka, as part of its efforts to bolster its presence in the region. Dell, valued at $50 billion, already operates a prominent R&D facility in Bengaluru, and globally, it manages approximately 25 manufacturing units, with 14 dedicated to R&D.

A delegation from Dell, including key figures like Shri. Michael Dundas of Global Manufacturing Operations, Shri. Alan Richey, Senior Vice President of Legal, and Tabrez Ahmad, Director of Asia Pacific and Japan, Government Affairs and Public Policy, recently held discussions with Karnataka’s Minister for Large and Medium Industries & Infrastructure, Shri M. B. Patil. During the meeting, Dell expressed its desire for support from the Karnataka government to address import restrictions on Special Economic Zone (SEZ) operations, which would enhance cost sustainability for Dell’s expansion in India. The company also outlined its requirements related to Electronic System Design and Manufacturing (ESDM) ecosystem players and suppliers in the state.

As part of their efforts to attract investments to Karnataka, the Karnataka business delegation visited various states in the United States of America. Dr. S Selvakumar, Principal Secretary to the Government, Department of Commerce and Industries, and Smt. Gunjan Krishna, Commissioner for Industrial Development and Director of Industries and Commerce, Government of Karnataka, accompanied the honorable minister.

In addition to their discussions with Dell, the delegation also met with Global Foundries, a leading semiconductor manufacturing company, which expressed interest in expanding its workforce in Bengaluru with an addition of 200 skilled workers. Minister Shri M.B. Patil assured support from the government in this regard and pledged assistance to Global Foundries in establishing connections with customers and suppliers.

Global Foundries, with a valuation of $30 billion, also expressed interest in growing its Aerospace and Defense (A&D) presence in Karnataka and plans to engage further to develop a comprehensive business strategy.

The delegation, headed by Shri M.B. Patil, also participated in a Business Roundtable hosted by the US-India Chamber of Commerce and AKKA. The event, organized jointly by TiE Austin and the Austin Chamber of Commerce, attracted around 60 entrepreneurs, including senior VPs and CEOs.

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