Global Firms Seek India’s IT Talent for Digital Transformation

With technologies such as artificial intelligence and biometrics leading digital transformations in organizations across the world, India is seen as a prime location for global businesses to open technology hubs as an extension of their business rather than a third-party service provider.

Bangalore has the best environment for businesses to transform digitally, according to research of 45 global cities by the Economist Intelligence Unit (EIU). Mumbai and New Delhi were also ranked in the top four locations. EIU’s Connecting commerce: Business confidence in the digital environment report considered each city’s access to talent, open data, finance and innovation labs, as well as having a modern ICT infrastructure.

software code on a computer screen

-> In January, money transfer company Western Union opened a technology center in Pune that employs 1,000 people. The center will focus on technologies including robotics, machine learning and biometrics.

-> Samsung recently said it would be hiring 1,000 engineers for its three research and development facilities in India, “for domains such as artificial intelligence, machine learning, signal processing, computer vision, mobile security and biometrics, among others.”

-> Dutch software company Planon will expand its base innovation center in Hyderabad, India. CEO Pierre Guelen said, “Over the years, the Hyderabad operations, which started as a development center, have started delivering services for global clients. Next year, the Hyderabad center will be involved in the internet of things and artificial intelligence. The manpower will increase from 130 now to close to 300 by next year. There is good talent in Hyderabad.” This will give Planon 10 times as many people at its Indian innovation center than at its innovation center in the Netherlands.

Several U.S.-based CIOs and global VCs confirmed that India’s services and innovation ecosystem is stronger than it has ever been, and that companies are taking a more strategic view toward their Indian operations.

 

February 7, 2018   No Comments

Western Union Launches India R&D, Tech Center

Englewood, CO-headquartered financial services and communications company, Western Union, announced the launch of its Western Union Technology Engineering Center (WUTEC) in Pune, 75 miles east of Mumbai, in the state of Maharashtra, India. The new research center will serve as Western Union’s innovation and engineering hub in the region.  It will focus on developing and building technology aimed at improving digital retail customer experiences around the globe.

“Innovation is hardwired in our DNA. As the company that invented the concept of digitizing money, Western Union is uniquely positioned at the intersection of money and technology. WUTEC India will join our other key technology centers across the world to expand the reach of our omnichannel platform, integrating our digital efforts with our iconic physical agent network to serve a vast global customer base,” said Hikmet Ersek, president and CEO of Western Union.

Picture of cash, calculator and laptop

“On the anniversary of 25 years of our service in India, this is a fitting start to a new chapter. We are extremely proud to have connected Indian diaspora from nearly every country in the world by enabling money movement to their families and loved ones,” added Ersek. “Over this time frame, Western Union has formalized money movement into urban, semi-urban and rural India, giving millions of consumers the assurance of receiving cash or money deposited directly into millions of bank accounts. This new tech center is the continuation of our transformation journey.”

January 31, 2018   No Comments

India’s Tech Mahindra Acquires Stake in New England Software Co

Pune, India-headquartered Tech Mahindra announced it will acquire a 17.5 percent stake in Tewksbury, MA-based telecom software development company Altiostar Networks for $15 million in a cash deal. The investment is through its wholly owned subsidiary, Tech Mahindra (Americas) Inc, USA, the company said in a regulatory filing.

Server Networks image

“This is a portfolio investment from Tech Mahindra in the nascent but promising and fast-growing virtualized Radio Access Networks or vRAN space,” the company said. The investment will be completed by end January.

Altiostar, was founded in 2011 and has  220 employees. The company has offices in the U.K., Germany, India, Mexico, Argentina and Israel.

January 21, 2018   No Comments

India-Made Jeep Compass Now Sold in Japan, Australia

 Fiat Chrysler Automobiles, India, shipped its first batch of 600 right-hand drive units of the made-in-India Jeep Compass from the Bombay Port Trust facility to Australia and to Japan. The SUVs are produced in the company’s Ranjangaon factory situated near the city of Pune, and have over 65% localized  Indian content. The company will ship more of these cars to other international markets through the ongoing quarter of 2017.

FCA Jeep

Commenting on the defining moment, chief executive of Fiat India Automobiles Private Limited Gurpratap Boparai said, “Our resolve has been to ensure timely delivery of a world-class product, made in India, to Indian as well as our international customers.”

Kevin Flynn, president and managing director of the company said, “We are looking forward to a strong 2018 when production will be at full pace delivering on target domestic and export numbers,” reports IndianCarsBikes.in.

December 7, 2017   No Comments

Three of India’s States Consider Hyperloop Installations

In October, I blogged about Hyperloop Transportation Technologies first agreement with India’s eastern state of Andhra Pradesh‘s Economic Development Board, to facilitate the development of HTT’s Hyperloop Transportation System in the state.

In November, Los Angeles-based Virgin Hyperloop One entered into a partnership with the government of Maharashtra for exploring the possibility of connecting Mumbai and Pune with the hyperloop transportation system. The distance of 92 miles between the two cities would take just 14 minutes, a journey that currently takes up to three hours by car, reports BusinessLine.

Virgin Hyperloop One LogoVirgin Hyperloop One has also approached the government of the southern state of Karnataka to conduct a preliminary study to understand hyperloop’s feasibility and economic impact in the region. The state’s minister for IT, Priyank Kharge, said, “We are happy to partner with Virgin Hyperloop One for its preliminary study in our region and we hope to bring out some concrete solutions for the state swiftly.”

Nick Earle, senior vice president for global field operations, Virgin Hyperloop One, said, “India is one of the most important geographies for developing hyperloop networks and re-imagining the complete transportation system. With this preliminary study, we are excited to initiate the build-up of a strong foothold that we foresee in future throughout the state,” reports the Economic Times.

December 2, 2017   No Comments