Cummins to set up global technology centre in Pune

Diesel engines manufacturer Cummins India is setting up a global technology centre in Pune for their research and development projects which will accommodate over 2500 engineers. The company is investing around Rs 337 crore for this centre.

"We have a modular expansion plan for this global technology centre in mind and it will be completed in two phases. The first phase of the centre will get operational within next 18 months. Cummins will be investing around $75 million USD for this centre. This will cater to our global research and development projects across the world. We already have such kind of centre in China. But this will be the bigger than China and over 2500 engineers will be working for this," said Anant J Talaulicar, chairman and managing director, Cummins.

Commenting on the Company's growth plan he said, "We can take more risks. We aim to triple its annual revenue to $2.7 billion over the next 5 years at a growth rate of 22 per cent. We are a zero debt company. Micro trends are going in our favour in which we have invested."

Commenting on inflation he said, “There should be a focus on supply side rather than distribution. Price rise is a short term answer to fight against the inflation.”

Cummins is setting up its third plant in Phalatan which will manufacture engines for commercial vehicles, generators and other industrial applications. This will be operational by the end of 2012. In the initial phase, it will produce 15000 engines and will ramp up the capacity by 30,000 engines per year

The company also plans to set up 10 small factories at its Phaltan site in Maharashtra to support its three companies viz Cummins India Ltd, Tata Cummins Ltd, (a joint venture between Tata Motors and Cummins India which manufactures low emission diesel engines) and Cummins Technologies India Ltd.