Diversified industrial group, Thyssenkrupp has set up a new technology centre in India. The new centre would be leading the group’s digitalisation and drive transformation in the engineering and manufacturing sector.
The new facility which has come up at Hinjawadi in Pune is the only such hub for digitalisation for the group globally. It will provide high-end R&D services in artificial intelligence, the internet of things, data analytics, AI, cloud computing, AR/VR, ML, and software engineering to support digitalisation projects for the group’s business globally.
Thyssenkrupp is already carrying out engineering work from India. It will be further scaled up now With the setting up of this center in India.
Cetin Nazikkol, CEO, Thyssenkrupp , Asia Pacific and Africa, said at present the group has around 4,600 people in the country. “Technology was based in Germany and in other countries but because of the speed of acceleration they could no longer just manage it just from these countries. It was not enough to work from the US or from Europe, so companies need to go abroad. And when it comes to abroad, it’s India. Things are also accelerating especially after Covid,” Nazikkol said.
German companies such as Bosch, Siemens and Deutsche Bank have large setups in India for digitalisation or technology hubs and they too could grow to a similar scale in India, and reaching a size of 10,000 would not be unrealistic for them.
Thyssenkrupp had domain expertise and knowhow about the technical expertise that was now being combined with digitalisation.
Nazikkol said, “For example, the company pioneered the mass production of ammonia and had 100 years of experience, in designing, building, and running these plants. “When you now combine this with data analytics, control systems, and artificial intelligence, you have something really special.”
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