Honeywell Automation to double turnover

By Staff
|
Google Oneindia News

Kolkata, Nov 29(UNI) Honeywell Automation India Limited, a part of the 32 Billion Dollar Honeywell International, a global technology and manufacturing major, has targeted to double its turnover in the country to one Billion Dollars in the next four years.

" We expect that the company's turnover will be doubled from the present 500 million Dollars by 2010," Mr Tarun Ramrakhiani, marketing head of Honeywell Building Solutions(HBS), a division of Honeywell Automation, said here today.

Mr Ramrakhiani said HBS contributed about ten per cent of revenues of the parent company.

HBS, which innovates various building solution devices, including CCTV, access control and fire alarm, has started a series of user events starting with the city to showcase the latest technology trends in the area.

" Our aim is to educate the people and increase our market share from the present 23 per cent in the building solutions market in the country.

Headquartered in Bangalore, HBS has 34 per cent market share in south India, 33 per cent in the east, 23 per cent in the north and 19 per cent in the west.

The road shows of the company would be taken next to Delhi followed by south India and the western Indian states.

In reply to a question, Mr.Ramrakhiani said with a spurt in economic activities, the company had given thrust on the eastern sector for its future growth.

The company has 700 employees, including 400 engaged in research and development with the centres located in various parts, including China and the Czech Republic.

UNI KDG KK RN1932

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