Honeywell to invest $34 mn in Gurgaon centre

Diversified company Honeywell India today said it will set up a technology centre with an investment of $34 million (Rs 157 crore) to expand global research capabilities.

"The company will invest $34 million to establish a four lakh sq ft centre in Gurgaon. The centre will primarily have pilot plans for developing and demonstrating refining and petro chemical process technology," Honeywell International President (India) Anil Gupta said.
 
Honeywell operates in aerospace, automation and control solutions and transportation system.