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As it looks to double its revenue from India operations, the UK-based engineering and industrial software solutions firm Aveva has doubled its office space to 1,20,000 sq ft here to strengthen its research and development capacities.
The facility will house a new Global Service Hub with a capacity of 400 people. It is planning to hire 200 people for its Hyderabad facility in the next 12-18 months.
Smart city project
The company, which has bagged a smart city project at Naya Raipur along with its consortium partners, is looking at opportunities in smart city and smart airport projects in the country. It is confident of bagging 4-5 more smart city projects soon.
“Our India business is contributing 5 per cent to our overall global revenues. This is growing at over 30 per cent annually. We expect contributions from India to double over the next five years,” James Kidd, Deputy Chief Executive Officer and Chief Financial Officer of Aveva, has said.
The firm invested over £200 million on building research and development capacities in the country in the last six years.
India is home to about one-fifth of its global workforce of 4,600 employees. It houses 1,020 employees, including 693 in its Hyderabad facility.
James Kidd, along with the company’s Chief Operating Officer Ravi Gopinath and Chief Technology Officer Andrew McCloskey, was in Hyderabad in connection with the expansion of the facility. It will also house 312 Cognizant employees that are working with Aveva in product development.
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