Honeywell to Set Up India Technology Centre

by CXOtoday Staff    Nov 19, 2009

US-based multinational company Honeywell plans to open a technology centre at Gurgaon to leverage the engineering talent in India.

"The centre will include labs for process and applications development for other speciality materials technology areas, including fluorine products and nylon materials," the company said in a release.

Honeywell said it will invest $34 million in an existing property to develop the centre and employ about 100 people iover a period of five years.

"This centre will allow us to conduct development closer to our end customers, while at the same time tapping the recognised engineering talent of India," said Andreas Kramvis, president and chief executive of Honeywell Specialty Materials.