Hp Changes Focus

Hewlett Packard (HP), the $40 billion US major, is now strategising for capturing the "booming" medical electronic equipment market in India.

The company, which divested 26 per cent stake in the HCL-HP joint venture as part of its "relationship restructuring", is confident of garnering a larger share of revenues from its medical business in the country. "We expect dramatic growth in the share of revenuescoming from the medical business," the president of Hewlett Packard (India), Suresh C Rajpal, said. Nearly 75 per cent of the $150-million revenue of Hewlett Packard (India) in 1996-97 came from the core business of computer products, service and support, with the best coming from its other business of information management systems for chemical analysis, test and measurement systems for electronic equipment, electronic components and medical electronics.