India is quite important for Honeywell in terms of research and development (R&D). Tell us how it is leading the company’s global efforts.
We have a very large facility of R&D in India, which we call Honeywell Technology Solutions Lab. It is the largest R&D facility for Honeywell outside of US which hosts about 5,500 engineers. This centre started about 30 years ago, and we have come a long way because we started off just like any other company coming to India – a back office – there used to be parts of work that would come and get done here in the outsourced model. From there, we have graduated to a point where we are developing core technologies out of India to serve the India market and also serve the globe. We are very proud to have made this transition. I think not all companies can boast of that. R&D is a huge focus for us because we fundamentally believe that in order for us to drive organic growth, original R&D, new product introduction is absolutely key. A large part of that happens out of India for us now.
What specific areas is Honeywell focusing its R&D spend on?
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