The Hindu Business Line : Agilent to invest $25 m in India

INDIA EXPANSION: (From left) Mr William P. Sullivan, President & CEO, Agilent Technologies; Mr. Venkatesh Valluri, President and Country General Manager, Agilent Technologies India; and Mr David Cooper, Sr Vice-President, Finance, Agilent Tech, at a press conference in the Capital on Thursday - Kamal Narang

New Delhi , April 13

Agilent Technologies on Thursday announced an investment of $25 million, spread over the next two years, for establishing a 10-acre campus near Manesar, Haryana. The campus — one of Agilent's largest campuses worldwide — would have a capacity to house over 2,000 employees involved in research and development (R&D), engineering support and financial services for Agilent globally.

"Our India operations have now reached critical mass, and investing in this new campus is the next logical step. With the test and measurement market in India growing at an accelerated rate, we are expecting to triple the revenues from India in the next two to three years," said Mr Bill Sullivan, President and CEO, Agilent, said.

The company, which has made six acquisitions in the last five quarters, however, did not comment specifically on whether it would look at buy-outs in India. "We continue to actively look for acquisition opportunities," Mr Sullivan said.