Zoho to invest in R&D for capital good manufacturing
October 26, 2021
Worldwide technology organization Zoho Corp on Monday announced its plan to form a consortium comprising of local technology organizations situated in the Kongu region.
It said that through this initiative, Zoho will make a capital investment to set up R&D focuses in the district, which will focus on the research and development for capital goods manufacturing, similar to machine tools, automation software, and production process know how.
“This region has a strong history of collaboration by the assorted base of enterprises and local people have a solid obligation to cooperate. Together, this has lifted up the entire region. To accomplish further economic progress just as take the area’s capital goods manufacturing ability to the degree of Japan and Taiwan, we wanted to put resources into R&D. This is the place where Zoho can help, by getting its huge R&D experience,” Zoho co-founder and CEO Sridhar Vembu said.
In his new broad visit through the Kongu belt, Vembu met a several local industrialists, entrepreneurs, and business associations hailing from the districts Karur, Erode, Salem, Tiruppur, and Coimbatore.