Dave Cote, Chairman and CEO, Honeywell, inaugurated a new $ 50 million R&D and engineering facility in Bangalore recently. It is Honeywell’s second R&D centre in the city. The new facility will accommodate 3,000 people and features laboratory facilities, simulators, and a training centre. “India is an integral part of Honeywell’s global growth strategy,” said Cote. “We are committed to India as a manufacturing location, export hub and most importantly as a centre of engineering and R&D excellence. Our presence here has grown from 1,000 employees in 2002 to more than 10,000 today. Honeywell has five manufacturing facilities and more than 20 other locations across the country with employees in 50 cities. We look forward to continuing our growth in India and building our capabilities here,” he added further. According to Dr Krishna Mikkilineni, President, HTS, India’s intellectual capital is a competitive advantage.
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