Source: Economic Times 9.9.2016
The facility will be operational by January 2017 and will house 2,500 engineers by 2020. It will develop electronics embedded software and mechanical engineering.Talking to journalists in Hyderabad on Thursday, Mamatha Chamarthi, ZF senior vice-president and head for India Technology Center, said, "We will be setting up this center at a one-lakh square feet facility in Gachibowli and will be spending close to 20-30 million Euros (approximately US$23-34 million)."
The facility will be operational by January 2017 and will house 2,500 engineers by 2020. It will develop electronics embedded software and mechanical engineering. TCS and Tech Mahindra are the knowledge partners for this center.
Telangana IT and Industries minister K. Taraka Rama Rao said, "Till now Hyderabad was the destination of only pure-tech companies. But with the entry of ZF, an automobile services company, we are bound to see traction in this segment."
The company already has manufacturing facilities in Pune and Coimbatore to serve the local requirements of of automotive and non-automotive original equipment manufacturers (OEMs).
"India offers a huge technologically competent talent pool which aligns with the growing demand from our customers for advanced software, electronics and mechanical engineering. Access to this diverse talent base coupled with a progressive local government and robust infrastructure has made Hyderabad favorable for setting up the first technology center for ZF in India," said Mamatha Chamarthi of ZF.
No comments:
Post a Comment