We at Honeywell are bullish on the Indian market and see growth opportunities across segments mainly infrastructure development, energy transition projects, automation etc in the country to drive growth.
We have a business of around $1 billion in India which includes the sales generated from the Indian market and excludes export services.
We help build airports, refineries, smart cities, renewables, automation, life sciences etc. These are the areas which are driving growth for us. Besides the government, corporations are investing in renewable space. Big corporations have ambitious plans on new and renewable energy.
Our advanced material business provides solutions to pharma and life sciences, and is seeing a huge uptake in India and also there is an upswing in aero traffic which is driving growth for the company.
We will be setting up a sustainability centre of excellence in Madurai in the January-March 2023 quarter. We have around 14,000 people in India. Some of the people will be repurposed for this centre and there will be fresh hiring as per need basis,
Fossil fuels account for around 98% of India’s fuel requirements in the road transportation sector. We are currently looking at alternatives such as agricultural waste and lean organic feedstocks to make bio-fuels. Green aviation fuels sourced from sustainable sources have already been developed and are key to reducing the industry’s emissions by 60-85%. Going beyond fuels, in a sector like aviation, software analytics can optimise aircraft operations and routing, saving up to 5% of energy use per flight. Electric and hybrid electric aircraft systems can reduce fuel use and emissions. In airport operations, predictive analytics can reduce energy costs by as much as 20% for existing building management systems
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