Advantech, an industrial IoT provider, is set to expand its presence in the Indian market with investments in a new R&D center in Pune and an expansion of its operations and service center in Bangalore.
With a compound annual growth rate of 32.3% over the past three years, company executives say they are confident in their decision to expand its facilities in India.
Mark Yang, the associate vice president of the embedded-IoT business group and AInterCon at Advantech, talks about the company’s presence in the Indian market for over two decades.
“This exceptional growth has boosted confidence in Advantech’s local business operations and investment strategy, leading to the initiation of an integration plan that includes the expansion of the operations and service center in Bangalore and the establishment of a software R&D center in Pune,” Yang adds.
Rakesh Sharma, the head of operations at Advantech in India, emphasizes the company’s focus on addressing evolving market demands in India, such as IoT edge computing and smart cities.
“In alignment with the government’s ‘Make in India’ policy, and to address customer demands, Advantech has made substantial investments in expanding its local service capabilities in Bangalore,” Sharma states. “This expansion involves strengthening local operations, optimizing logistics services, improving production lines and enhancing service centers.”
Advantech says it focuses on vertical markets such as intelligent healthcare, manufacturing and transportation. Advantech also plans to recruit Indian talent from local campuses, with the aim of strengthening industry-academia collaboration.
Elsewhere, the company recently unveiled new edge computing solutions powered by 13th-generation Intel core processors. Advantech claims that the upgraded hardware offers improved performance, responsiveness, content creation and multitasking compared to the previous generation.
These solutions may benefit applications such as smart factories, computer vision, intelligent retail, healthcare and edge AI.
Advantech | edge AI | hardware | IoT edge computing | R&D center