Germany based ZF Group has signed a letter of intent with the Telangana government to set up a new technical centre in Hyderabad.
The letter was signed in the presence of K T Rama Rao, Minister for IT, MA & UD, Industries & Commerce, government of Telangana, and Mamatha Chamarthi, senior vice-president and executive lead for the India Technology Center (ITC), and other senior government and ZF officials.
The new technical centre will focus on electronics embedded software and mechanical engineering. The new centre will support ZF's global teams, and will be operational by January 1, 2017. The new technology centre is expected to have 2,500 engineers working by the year 2020.
Mamatha Chamarthi, senior vice-president and executive lead for the new India Technology Center (ITC), said, "India offers a huge, technologically competent talent pool which aligns with the growing demand from our customers for advanced software, electronics and mechanical engineering."
"Access to this diverse talent base coupled with a progressive local government and robust infrastructure has made Hyderabad favorable for setting up the first technology center for ZF in India."