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Rockwell to set up development center
By agencies
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Friday, 20 May 2005, 19:30 IST
BANGALORE: Rockwell Automation has decided to set up a global development center in India next year.
Kenneth F. Deken, Vice-President, said that the company expected to invest up to $5 million over a period of three years in the center and hire 50-75 engineers.
The center will develop new features for the company's products. Currently, Rockwell outsources its software needs to Patni Computers and Wipro.
The location for setting up the development center has not been decided yet. Rockwell already has such a facility in the U.S.
Deken said that depending on the volume the Indian and the Chinese markets would need, Rockwell could set up a new plant to service these markets.
He added that most of the investments would happen in India and China because these two countries are seeing extremely good growth, while Europe has stagnated.
"The drivers of our business are countries with bigger population and where there is growth in consumer spending."
Ranjan De, Regional Director, said that the Indian operations are expected to grow at 20 percent on a cumulative basis over the next five years. Globally, the automation industry is growing at about 5 percent.
Deken said that the company's centre of excellence in Bangalore has been expanded to include mid-sized products, which will enable the company to offer them to mid-range customers.
According to Deken, globally automation is witnessing a trend in integration of various features.