Engineering company Honeywell International has unveiled a new research, development and engineering facility in Bangalore, India, which cost the company an investment of $50 million and represents the second dedicated R&D facility for Honeywell in the area.
At 690,000 sq. ft., the centre will accommodate approximately 3,000 people.
According to an online report from Indian news website TopNews, Honeywell is looking for collaboration with Hindustan Aeronautics Ltd (HAL) to produce TPE331 aircraft engines in India, as well as pursuing a program to re-engine the Indian Air Force’s strike aircraft with its F125IN turbofan engines.
Honeywell operates in four business segments — aerospace, automation and control solutions, transportation systems and speciality materials.
The company has 10,000 employees in India, compared to 1,000 in 2002, and has five manufacturing facilities in the area, the report said.
TopNews also said Honeywell International expects sales of about $600 million in 2009 from India, which is slightly higher than what it made in 2008.