In a bid to develop cost efficient manufacturing solutions, ABB India is planning to tie up with universities in India. The company spends over $1 billion each year globally on research and development.
The objective of the research is to look for new materials and manufacturing techniques which will cut down the dependence on imports and reduce overall costs.
Further, the company is planning to cut down its import bill, which is currently pegged at 30-32 per cent of its expenditure, by carrying out an indigenisation programme. The programme does not just cover local sourcing or local manufacturing; it also looks at the design aspect of the products.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 150,000 people.
