Swiss-Swedish engineering giant ABB announced Wednesday it will set up a dedicated engineering centre in India's technology hub of Bangalore.
The new facility, to be managed by the Indian arm of the group ABB India, will employ 500 professionals over the next couple of years, a spokesman for the company said. The centre will develop engineering solutions and support automation activities across the ABB group, he said.
"A multinational team from ABB's automation business will facilitate exchange of technology between the new centre and ABB units," said Dinesh Paliwal, head of the automation technologies division of the group.
A host of multinational firms such as Siemens, General Motors, US-based steelmaker Timken and software major Veritas have set up research and development hubs in Bangalore due to its skilled workforce and cheap labour.