New Delhi, Nov 19: In an attempt to conduct development closer to the company's end customers, US-based multinational company, Honeywell is reportedly planning on establishing a new technology centre in India.
The company will be investing 34 million dollars in an existing property to develop the centre at Gurgaon.
The centre will also provide job opportunities as the company will be recruiting about hundred people in five years.
"This centre will allow us to conduct development closer to our end customers, while at the same time tapping the recognised engineering talent of India," said Andreas Kramvis, president and chief executive of Honeywell Specialty Materials.
According to a statement released by the company, the centre will include labs for process and applications development for other specialty materials technology areas, including fluorine products and nylon materials.