It was a day of expansion for Honeywell Technology Solution Lab (HTSL), the R&D wing of IT blue chip Honeywell International. The company decided to set up an R&D facility in Hyderabad at an investment of Rs 45 crore and a new facility on 40,000 sqft at its Madurai lab campus, as part of consolidating its training operations there. The Andhra Pradesh government has allotted 10 acre of land in the APIIC Nanakaramguda Software Units layout to the company.
The company expects to have its first building up by first quarter of next year. Honeywell International is a USD 30-billion technology and manufacturing company. It was clearly a busy day for Honeywell chief information officer Larry Kittelberger, who was present both at the ground-breaking ceremony of the facility at Hyderabad and the inauguration of the Madurai one. In Hyderabad, HTSL currently had 4,000 employees in the Bangalore R&D centre and it expected to double the R&D workforce strength in the next five years.
“We will hire software, mechanical and electrical engineers in this facility,” he added. The company expects a turnover of Rs 700 crore and employment to 5,500 people by 2009 in Hyderabad, according to a statement.
