CEO Ping Cheng of Taiwan-based Delta Electronics that deals in energy solutions, digital surveillance, solar inverters, industrial automation, projectors and commercial displays, announced at the Digital India event that his company would invest $500 million over the next ten years and will create 20,000 new jobs in the country. The company already has a manufacturing unit at Rudrapur in the northern state of Uttarakhand.
Its latest project is the setting up a power supply manufacturing plant and product development center in the state of Tamil Nadu, India next year. “ The first investment of $150 million of the total commitment [of $225 million] will be made next year,” Delta India Electronics managing director Dalip Sharma said at the Renewable Energy India Expo. The plant will employ 5,000 people over period of next five-seven years, he added.
Financial Express reports the company is in the process of setting up a research and development center in Bangalore that will work on software data analytics solutions and high power technologies.
“We are at final stage of acquiring land for the R&D center. Delta will invest another $75 million on this center and would be hiring 400 engineers for it. Hiring will start from mid of next year,” Sharma said.
