financetom
Business
financetom
/
Business
/
RTX aims to boost India headcount by 14% in 3 years, execs say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
RTX aims to boost India headcount by 14% in 3 years, execs say
Dec 18, 2024 10:28 PM

By Sai Ishwarbharath B

BENGALURU, Dec 19 (Reuters) - U.S. aerospace and defence giant RTX Corp ( RTX ) plans to

hire 1,000 more people to its 7,000-strong workforce in India by 2027, its top executives told

Reuters, as it looks for more engineers and data scientists to power its global operations.

The jobs will be added across RTX's units, including around 300 engineers for aircraft

engine maker Pratt & Whitney over the next 12-18 months, and 700 at the aerospace supplier

Collins Aerospace over the next 3 years.

Global aerospace and defence firms such as Airbus, Rolls-Royce Holdings and

Lockheed Martin ( LMT ) also have technology and engineering operations in India. These units

are known as global capability centres (GCCs) and support the companies in their daily

operations, and research and development, among others.

"India, from an RTX perspective, is not a low-cost destination. It is our talent hub. We

have around 150 global roles, running their teams sitting out of India. Our biggest export is

our talent," said Collins Aerospace Vice President of Engineering Savyasachi Srinivas on

Tuesday.

Collins Aerospace, which manufactures evacuation slides, cabin and pilot seats, and avionic

sensors in India primarily for export, also plans to operate from a larger factory in the

southern city of Bengaluru in 2026 after consolidating three manufacturing sites, Srinivas said.

The market size of India's GCCs is expected to grow to $99 billion-$105 billion by fiscal

2030 from $64.6 billion in fiscal 2024, according to a report by IT industry body Nasscom and

consulting firm Zinnov.

"Our (India) centre works as a hub in enabling global teams through digital transformation,

data analytics, and working on small language models (SLMs) and large language models (LLMs) for

easier maintenance and inspections," said Jayant Mukherjee, the head of Asia-Pacific and India

Digital Capability Center at Pratt & Whitney on Tuesday.

In keeping with the global trend, the Bengaluru-based centre wants to reduce its dependence

on outsourcing firms and do more technology work in-house to retain talent and protect

intellectual property rights.

"We can't become 0% dependent on outsourcing partners," said Mukherjee, who hopes his centre

can get at least 55% of technology work done in-house over the next three years from about a

third currently.

Pratt & Whitney has signed outsourcing deals with Cyient and DXC Technology ( DXC )

in the past. RTX emerged from a $121 billion combination of United Technologies and

Raytheon in 2020.

(Reporting by Sai Ishwarbharath B; Editing by Dhanya Skariachan and Abinaya Vijayaraghavan)

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 >
Nippon Life in talks to buy Resolution Life in deal worth $8.2 bln
Nippon Life in talks to buy Resolution Life in deal worth $8.2 bln
Dec 10, 2024
TOKYO, Dec 10 (Reuters) - Nippon Life Insurance is in the final stages of buyout talks with Bermuda-based life insurer Resolution Life Group Holdings, Resolution said on Tuesday, in what would reportedly be an $8.2 billion deal that highlights Japanese insurers' hunt for growth in the world's biggest economy. The acquisition, which was first reported by the Nikkei business daily,...
Google asks FTC to break up Microsoft's cloud deal with OpenAI, the Information says
Google asks FTC to break up Microsoft's cloud deal with OpenAI, the Information says
Dec 10, 2024
(Reuters) - Google has asked the U.S. government to break up Microsoft's ( MSFT ) exclusive agreement to host OpenAI's technology on its cloud servers, the Information reported on Tuesday. The conversation happened after the U.S. Federal Trade Commission asked Google about Microsoft's ( MSFT ) business practices as part of a broader investigation, the report said, citing a person...
Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion
Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion
Dec 10, 2024
TOKYO (Reuters) - Nippon Life Insurance is in the final stages of buyout talks with Bermuda-based life insurer Resolution Life Group Holdings, Resolution said on Tuesday, in what would reportedly be an $8.2 billion deal that highlights Japanese insurers' hunt for growth in the world's biggest economy. The acquisition, which was first reported by the Nikkei business daily, would be...
REUTERS NEXT--OpenAI CFO Friar says she trusts Musk to prioritize national interest 
REUTERS NEXT--OpenAI CFO Friar says she trusts Musk to prioritize national interest 
Dec 10, 2024
NEW YORK, Dec 10 (Reuters) - OpenAI's Chief Financial Officer Sarah Friar played down on Tuesday public threats to the ChatGPT maker from Elon Musk, one of President-elect Donald Trump's closest advisors. Friar, in response to questions from Reuters Editor-in-Chief Alessandra Galloni during an interview at the Reuters NEXT conference in New York, said about Musk's threats: We trust him...as...
Copyright 2023-2026 - www.financetom.com All Rights Reserved