financetom
Business
financetom
/
Business
/
Rockwell plans to expand in India with more factories, tech workers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rockwell plans to expand in India with more factories, tech workers
May 8, 2024 3:11 AM

May 8 (Reuters) - Rockwell Automation ( ROK ) is mulling

expanding its technology workforce and opening more factories to

boost manufacturing in India, a senior executive said on

Wednesday, days after unveiling plans to construct a plant in

the southern state of Tamil Nadu.

The industrial automation equipment maker, which completed

40 years in India in 2023, counts many manufacturing giants,

including Reliance Industries, Mahindra Group and MRF

, as its customers.

"We see India as a technology hub for our current and future

product development, hardware and software," Rockwell Asia

Pacific Regional President Scott Wooldridge told Reuters on

Wednesday.

Rockwell, which currently employs 4,500 people and has a

majority of its Indian tech workers in Noida, Pune and

Bengaluru, also plans to sharpen its focus on hardware and

software product development by hiring more people for its

technology centers.

"We'd continue to expand at a similar rate to what we've

expanded the last five or six years, where we went from 500 to

3,500," Wooldridge said.

Rockwell's plan comes at a time when Indian IT majors are

going slow on hiring due to clients cutting back spending and

deferring projects due to macroeconomic challenges.

Last week, Rockwell, which has products that are deployed in

a range of manufacturing sectors including tyremaking machines

and vaccine production lines, said it would open a factory in

the city of Chennai in Tamil Nadu.

Rockwell has plans to open more factories in India, which is

benefiting from global manufacturers vying to expand their

production footprint beyond China.

"We see (the Chennai plant) as a start of a manufacturing

campus strategy ... We're looking for the opportunity to build

more manufacturing capacity and move more products to India,"

Woolridge said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Endeavour's Silver, Gold Production Decrease in Q1
Endeavour's Silver, Gold Production Decrease in Q1
Apr 9, 2025
07:44 AM EDT, 04/09/2025 (MT Newswires) -- Endeavour Silver ( EXK ) reported Wednesday Q1 silver equivalent production of 1.9 million ounces, down 18% from a year ago. Consolidated silver production was around 1.2 million ounces, down 17% from a year earlier. The company attributed the decrease to 24% lower production from its Guanacevi mine in northern Mexico, partially offset...
Top Premarket Gainers
Top Premarket Gainers
Apr 9, 2025
07:42 AM EDT, 04/09/2025 (MT Newswires) -- Venus Concept ( VERO ) shares increased by more than 270% pre-bell Wednesday following a 19% increase in the previous session. Femto Technologies ( FMTO ) shares soared more than 128%, extending Tuesday's rally. Elicio Therapeutics ( ELTX ) shares surged 59% after a 2.4% drop on Tuesday. Full House Resorts ( FLL...
Poland's Nitro-Chem signs $310 million deal to supply TNT for US military
Poland's Nitro-Chem signs $310 million deal to supply TNT for US military
Apr 9, 2025
WARSAW (Reuters) - Polish explosives maker Nitro-Chem signed a deal on Wednesday to supply explosives worth 1.2 billion zlotys ($310 million) to a U.S. firm, intended for the U.S. military, the deputy defence minister said. We are talking about a colossal contract, the minister, Cezary Tomczyk, told reporters after the signing, adding that the deal provided for delivery of 18,000...
Copyright 2023-2026 - www.financetom.com All Rights Reserved