ZF Opens Its First Technology Center Of India In Hyderabad
Hyderabad: ZF Friedrichshafen AG, a global leader in drive line and chassis technology as well as active and passive safety technology, today inaugurated its first Technology Center in India, at Nanakramguda here.
The ceremony took place in the presence of K. Chandrashekar Rao,A� Chief Minister of Telangana, Dr. Stefan Sommer, CEO of ZF Friedrichshafen AG, Mamatha Chamarthi, Chief Digital Officer and executive lead for the India Technology Center (ITC) and other senior government and ZF officials.
The ZF ITC strengthens ZFa��s presence in the country with anticipated investment plans of a��15 million over the next five years. The ITC will foster high-end innovations which will focus on bringing advanced technology to India as well as localizing more strategic business activities including research, design and development for global market initiatives. It also aims to leverage one of the finest academic research communities and the increasingly recognized rich and diverse talent pool for global development projects.
Dr. Stefan Sommer said on the occasion that At ZF, theyA� are experiencing substantial growth in many regions, and this is especially true in India. In a dynamically changing and increasingly digital world, speed is of the essence and theyA� are proud to have been able to complete the set-up in a short period of time.A� ZF announced plans to build the ITC in September 2016.A� The new Technology Center will be dedicated to electronics, embedded software and mechanical engineering. It will support ZFa��s global development teams while enabling the company to accelerate local product development supporting ZF automotive and non-automotive operations and customers in India.
Mamatha Chamarthi added: a�?The India Technology Center will be rapidly integrated into the engineering ecosystem of ZF and become a pillar of innovation for the company. As demand for software engineering grows, ZF will exponentially increase capacity to help meet customersa�� growth aspirations in both the global and local market.a�?
Welcoming the new Technology Center, the Chief Minister said: a�?We are happy to welcome ZF to Telangana and will extend all our support to the organization. Telangana offers an industry-friendly infrastructure and industrial development policy, adequate power supply and world-class infrastructure facilities which facilitates business development. With an industry leader like ZF coming to Hyderabad, it is going to further reinforce the statea��s position as a growing hub for the automotive industry.a�?
Commenting on the occasion,A� K. T Rama Rao,A� Minister for IT, Industries & Commerce, said, a�?We look at this investment by ZF as an ecosystem builder for Hyderabad and are extremely happy to see Telangana as ZFa��s choice for their first ever India Technology Center. We will continue to strive making our state a business and investor friendly place helping corporates like ZF to expand their footprints in this region. Telangana has a very conducive environment for businesses to thrive with quality talent pool and state-of-the art infrastructurea�?.
Tie-Up with Akshay Patra
Besides technology, social responsibility is an important part of ZFa��s corporate culture. ZF is tying up with Akshay Patra foundation, the worlda��s largest non-profit organization providing mid-day meals to children, by sponsoring a van to transport food to schools in remote locations in Hyderabad.
ZF and its partners have been operating for more than five decades in the Indian market, with corporate headquarters at ZF Business Park, Pune. Today, ZFa��s presence in India consists of 21 locations catering to the automotive and non-automotive segments in the region. (NSS)