ZF Friedrichshafen AG to Set Up Technology Center in Hyderabad 

8 Sep, 2016 17:55 IST|Sakshi
German car parts maker ZF Friedrichshafen AG said the technology center would be fully operational by January 1, 2017, and have a workforce of 2,500 engineers by 2020, including the 1,000 engineers who are currently working with ZF.

Hyderabad: German car parts maker ZF Friedrichshafen AG has signed a letter of intent (LoI) with the Telangana government for setting up a new technology center in the city. Telangana IT and Industries & Commerce Minster KT Rama Rao and ZF senior executives signed LoI here on Thursday.

The new technology center will be dedicated to electronics-embedded software and mechanical engineering. The Center will support ZF’s global development teams, while enabling the company to accelerate local product development supporting ZF automotive and non-automotive operations and customers in India, according to a statement from the German company.

The technology center will be fully operational by January 1, 2017, and is expected to have a workforce of 2,500 engineers by 2020, including the 1,000 engineers who are currently working with ZF, it said. The company also has an existing team of mechanical engineers based in Pune and Coimbatore to address the local market requirements of automotive and non-automotive original equipment manufacturers (OEMs).

Welcoming the new investment by ZF, KT Rama Rao said: “We look at this investment by ZF as an ecosystem builder for Hyderabad. We unveiled our IT Policy-2016 along with sectoral policies earlier this year and our government will be working with ZF to evolve a comprehensive Engineering Services Policy for aggressively promoting the sector.”

Mamatha Chamarthi, Senior Vice-President and Executive Lead for the new India Technology Centre (ITC), said: “India offers a huge, technologically competent talent pool which aligns with the growing demand from customers for advanced software, electronics and mechanical engineering. Access to this diverse talent base coupled with a progressive local government and robust infrastructure has made Hyderabad favourable for setting up the first technology centre for ZF in India.”

Source: PTI

whatsapp channel
Read More:
More News