Swarajya's video: India Attracting Global Tech Companies: IBM GE Healthcare Among Six MNCs To Open Centres

In the last week of March 2022 alone, Bengaluru saw three international companies inaugurate a manufacturing or development operation in India’s Silicon City. Switzerland-headquartered Swedish electrical giant ABB (formerly ASEA Brown Boveri) opened a massive 8-storeyed, 333,000 sq ft “green” tech innovation centre, which will house 2500 technologists specialising in Artificial Intelligence (AI), Machine Intelligence, 3-D and robotics and serving the company’s Electrification (EL) and Motion (MO) business sectors. The facility will complement the innovation centre already functioning in Hyderabad. For Lowe’s, the 2200-store US and Canadian hardware and home improvement chain, too, it is a second time in India. Last week, the company opened its second 14,000 sq ft “capability centre” in Bengaluru’s central business district to support its post-Covid hybrid workforce strategy. Its India team of “associates” is now 3,600-strong. US-based GE Healthcare and its India partner Wipro, are among the first to avail of benefits under the Indian government’s atmanirbhar Bharat-driven Production Linked Incentive (PLI) scheme in the area of medical devices, with an investment of over Rs 100 crore. IBM has developed a somewhat offbeat system of Client Innovation Centres (CICs) where its engineers co-create, co-innovate, and co-operate with their clients and ecosystem partners in crafting solutions. To the list of 8 such CICs -- Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region, Pune and Mysore – IBM added two more – Kochi and Coimbatore – in the last month. Subscribe to Swarajya on YouTube. Get a Swarajya subscription: https://subscriptions.swarajyamag.com/join-us Website: https://swarajyamag.com/ Twitter: https://twitter.com/SwarajyaMag Facebook: https://www.facebook.com/swarajyamag