20 % of R&D operations for ALSTOM to be in India
Bangalore – May 31, 2005
ALSTOM today announced that it is teaming up with Infosys to set up an R&D centre at the Infosys campus in Bangalore. The R&D centre, a multi-year relationship between ALSTOM and Infosys, will focus on high-end engineering services such as product development, engineering simulation, control engineering and Product Lifecycle Management (PLM). With an investment in excess of Euro 31 million (US $ 39 million) over three years and an initial manpower strength of 60 people, the centre will grow to over 300 people in the next three years. ALSTOM plans to focus 20% of its R&D spend worldwide in India.
Speaking on the occasion, Mr. Philippe Joubert, President, ALSTOM Power said, "This is a great opportunity for ALSTOM to strengthen its presence in India by using the skills and talents offered by Infosys. Together, we will be able to make our products more focused on the needs of the Indian market."
The ALSTOM-Infosys R&D Centre will provide high-end engineering solutions that will provide ALSTOM a competitive edge by:
Mr. Nandan M. Nilekani, CEO, President and Managing Director, Infosys Technologies Ltd., commenting on the partnership said, "About 50–70% of the cost of any product is decided at the design stage. Given the significant pressure on R&D and Engineering heads to focus on innovation, India is increasingly being looked at as a global engineering hub. This is not just due to the high-quality talent available in India but also because of the world-class business practices and processes offered by Indian companies."
"I am confident that our partnership with ALSTOM, a world leader in turbine technology, will enable us to together create next generation solutions for the power sector. The uniqueness of the relationship lies in our ability to learn their critical quality and technical requirements and deliver value," he added.
Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys’ Global Delivery Model to achieve higher quality, rapid time-to-market and cost-effective solutions. Infosys has over 36,000 employees in over 30 offices worldwide. For more information visit www.infosys.com.
ALSTOM is a global leader in power generation and rail transport infrastructure. The company serves the energy market through its activities in the field of power generation and the transport market through its activities in rail and marine. ALSTOM's annual sales are around €14 billion. It employs 70,000 people in over 70 countries worldwide.
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