“India offers a possibility to develop at double digits over the following a number of years for firms like us. It is one among our fastest-growing markets globally. We plan to be a $1-billion firm in 2025,” stated Ashish Modi, president of Honeywell India.
The corporate has operated in India for over 90 years, starting with licensing expertise for the nation’s first refinery at Digboi in Assam within the Thirties. Since then, Honeywell has been concerned in a number of key nationwide initiatives, together with contributing to the 100 smart cities project.
Modi stated Honeywell’s operations in India now help three main megatrends—automation, aviation, and the vitality transition. It additionally affords a variety of services throughout aerospace, industrial and constructing automation, and vitality techniques.
Honeywell presently employs practically 13,000 individuals within the nation. Modi stated that greater than 60% of the corporate’s world software program improvement is now carried out in India, including to the corporate’s total presence within the ‘Make in India’ framework.
He additionally talked about a current improvement from the corporate. “We not too long ago introduced what we name the airport floor lighting system,” he stated, with out offering additional particulars.
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