Bengaluru, June 8, 2016 – ABB opened its Global Business Service Centre in Bangalore, demonstrating confidence in the local talent pool to fuel growth and future opportunities in the country. When fully established in 2017, the centre is expected to employ over 1,000 people.

The new centre, a continuation of ABB group’s consistent investments in the country, will be a part of its wholly owned subsidiary entity. It is also integral to ABB’s Next Level strategy and marks an important step towards building a state-of-the-art business service organization. The centre was inaugurated by Eric Elzvik, CFO, ABB Group with Sanjeev Sharma, CEO and Managing Director, ABB India and a host of other invited guests attending the ceremony.

“The opening of the GBS centre in India is a testimony to our commitment and confidence in partnering India’s growth story. India has always been a strategic market for ABB and this opening is an important milestone in making India a global hub for business services in the ABB Group. By simplifying and standardising our processes, we aim to increase our effectiveness and efficiency, as well as build new platforms for growth,” said Eric Elzvik, CFO and member of the Executive Committee of the ABB Group.

“India is poised to benefit from its demographic dividend and Bangalore is well-established as the IT and startup capital of India. ABB is known for its technology and product prowess and this centre will project the business service expertise of ABB,” said Sanjeev Sharma, CEO and Managing Director, ABB India Limited.

ABB in India employs close to 10,000 people and has its largest R&D centre in the country. The listed entity ABB India Limited generated revenues of more than USD 1.3 billion in 2015 and invests around USD 100 million per year in the country. ABB India today has 39 factories at 12 manufacturing locations and 22 branch offices nationwide. These facilities serve the Indian market and export to countries all over the world. ABB manufactures more than 100 products in India, and has several centres of excellence devoted to developing solutions with global applications in both power and industrial automation.