- SOURCE: EquityPandit.com | Written by
Abhishek Parakh on at 9:03 pm
Obama's 'Buffalo, not Bangalore' remark was aimed at U.S. companies taking advantage of US tax rules despite substantial overseas operations.
That has not stopped Honeywell International from opening its second R&D centre in Bangalore. The company makes jet engines and home-security products. In fact, its CEO, Dave Cote, has said, "We are committed to India as a manufacturing location, export hub and most importantly, as a center of engineering and R&D excellence". He adds, "Our presence here has grown from 1,000 employees in 2002 to 10,000". Given that ...