Latest news with #AshishModi
Time of India
5 days ago
- Business
- Time of India
Honeywell's India business to enter $1billion club this year
Bengaluru: Honeywell's India business is set to enter the $1 billion revenue club in the 2025 calendar year, up from $900 million, fuelled by the convergence of 5G, cloud, and AI, creating a strong growth tailwind. "India provides an opportunity to grow at double-digits over the next several years for companies like us. It's one of our fastest-growing markets globally. We plan to be a $1 billion company in 2025. The convergence of AI, 5G, and cloud—a powerful trifecta transforming the industries we serve. This unique combination creates significant promise and marks a major inflection point in AI adoption," said Ashish Modi, president of Honeywell India. Honeywell has been present in the country for over nine decades, from licensing technology for the first refinery at Digboi in Assam in the 1930s to supporting the 100 smart cities initiative. Its business powers three megatrends—automation, aviation, and energy transition. It also delivers solutions across aerospace, industrial and building automation, and energy. At the core of Honeywell's technology transformation is its AI-driven platform, Forge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Irish homeowners eligible for solar 'bonus' if they live in these eircodes Activ8 Learn More Undo Designed to ingest and contextualize diverse data sets, serves as a cross-industry IoT platform that drives digital transformation across people, processes, and assets Honeywell in India has three manufacturing facilities and four global centres of excellence for technology development and innovation. It employs close to 13,000 people across 20 locations in the country. "Over 60% of Honeywell's global software development happens in India, marking a significant Make in India contribution," he said. AI is embedded in three key areas—products. AI-powered tools like Maintenance Assist speed up issue diagnosis and optimise building energy use. In product development, AI-assisted coding accelerates development and reduces time to market, and it leverages AI to enhance productivity across HR, legal, sales, and customer service by supporting employees, not replacing them. Modi said the company recently announced what we call the airport ground lighting system. "We started a new line in the Gurugram factory," he added. Honeywell launched its Airfield Ground Lighting (AGL) manufacturing facility in Gurugram. The 41,000 sq ft facility produces AGL systems essential for safe airport operations and compliance with global aviation standards. India's rapidly growing aviation industry is projected to invest up to $12 billion and expand from 148 to 220 airports by 2025. Honeywell's Airfield Ground Lighting (AGL) solutions, developed and engineered in India, are FAA-certified and comply with ICAO standards. Honeywell's LED-based AGL solutions improve visibility, reduce energy consumption, and offer greater durability and longer lifespan compared to traditional halogen lamps. Modi said that Honeywell teamed up with Navin Fluorine, part of the Padmanabh Mafatlal Group, to manufacture Honeywell's Solstice zd, a hydrofluoroolefin (HFO) that has various applications, including blowing agents for foam insulation and refrigeration liquid for chillers. He is also betting big on the newer opportunities in the maintenance, repair, and overhaul (MRO) space. " The MRO industry in India is valued at $4 billion and growing at 10%–12% annually. Historically, most MRO work was done abroad due to a smaller domestic market and limited incentives for OEMs. That's now changing as scale and demand grow," Modi said.
News18
05-06-2025
- Business
- News18
Manufacturing, Innovation And More: How The India Story Is 'No Longer Just About Costs'
Last Updated: Italian lighting major iMoon has recently announced plans to establish its first international manufacturing base in India. India's status as a manufacturing and innovation hub is gaining new momentum as multinational giants intensify their presence in the country. From tech-driven surveillance systems to premium lighting solutions and software growth, Indian and global firms are increasingly recognising India not just as a vast consumer market, but as a critical part of their global production and innovation chains. Honeywell Unveils 'Made in India' CCTV Camera Line In a strategic move to localise production and tap into India's growing demand for smart security systems, Honeywell has launched its first 'Made in India' range of CCTV cameras. The new line has been designed, engineered, and manufactured entirely in India. 'Honeywell's commitment to the government's 'Make in India' vision is not just about domestic assembly. This is full-scale R&D, design, and production, catering to Indian and global markets," said Ashish Modi, President, Honeywell India. The company aims to serve both enterprise and consumer segments with its advanced surveillance products, while also reducing dependence on imports. The move comes as India's demand for smart city infrastructure and industrial surveillance solutions continues to rise. Italy's iMoon Picks India for First Overseas Factory Reinforcing India's status as a preferred destination for manufacturing, Italian lighting major iMoon has also announced plans to establish its first international manufacturing base in India. According to reports, the facility will cater to both the Indian market and exports, particularly across the Asia-Pacific region. The upcoming facility will also support India's goals of local manufacturing and exports, aligning with the broader 'Make in India" and 'Atmanirbhar Bharat" initiatives. Adobe's India Growth a Sign of Deeper Tech Integration While manufacturing typically refers to physical goods, India's digital economy is also witnessing explosive growth. Adobe's Managing Director for India, Prativa Mohapatra, while speaking at the Adobe Summit India 2025 in Mumbai, highlighted that the country is experiencing a 'super growth phase," driven by expanding digital transformation in both public and private sectors. 'India is not just our largest R&D centre outside the US, it's now at the heart of our innovation and product development roadmap," Mohapatra stated. She emphasised the growing demand for digital creativity tools, AI-enabled platforms, and enterprise solutions, noting that India's talent pool and startup ecosystem make it a vital engine for Adobe's global ambitions. The recent moves by Honeywell, iMoon, and Adobe demonstrate how India is transitioning from being a backend outsourcing hub to a global centre for innovation, design, and manufacturing. Whether in hardware, lighting, or software, India is increasingly viewed as a place where global companies can scale, innovate, and serve international markets. As Prativa Mohapatra summed up, 'The India story is no longer just about cost — it's about capability, scale, and speed."
Time of India
22-05-2025
- Health
- Time of India
Lupin introduces Honeywell Solstice Air inhalers for sustainable respiratory care
Representative image (Picture credit: X/@LupinGlobal) BENGALURU: Lupin is using Honeywell's Solstice Air in its respiratory inhalers at scale, redefining respiratory care with near-zero global warming potential propellants. Designed for patients with asthma and chronic obstructive pulmonary disease (COPD), Honeywell Solstice Air has the potential to prevent the release of high global warming potential (GWP) molecules, marking a major step forward in helping to reduce carbon emissions. Solstice Air offers an alternative to traditional hydrofluorocarbon (HFC)-based propellants, helping to reduce greenhouse gas emissions by up to 99.9%. ' By integrating Solstice Air in our products, we are not only enhancing patient care, but we are also significantly reducing environmental impact,' said Vinita Gupta, CEO Lupin. 'Solstice Air can play a critical role in ensuring that Lupin's respiratory inhalers provide safe and effective treatment options that also leverage the latest advancements in technology to reduce harmful greenhouse gas emissions,' said Ashish Modi, President of Honeywell India. 'By continuing to research and develop advanced technologies for reducing carbon, Honeywell is dedicated to driving innovation that enhances the efficacy of health solutions while pioneering emissions-reducing practices that support industry advancements. ' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Indian Express
21-05-2025
- Health
- New Indian Express
Sustainable healthcare: Why Lupin-Honeywell partnership is significant
In India, pMDIs—particularly those using HFCs—are a significant source of greenhouse gas emissions due to the high GWP of these propellants. Although dry-powder inhalers (DPIs) are used more frequently, pMDIs contribute far more to emissions. Research shows that a large share of these emissions comes from short-acting beta-2 agonist (SABA) inhalers, especially when asthma is poorly controlled. According to Lupin, its new product is designed for patients with asthma and COPD. Honeywell's Solstice Air offers a low-GWP alternative that could substantially reduce the release of high-impact greenhouse gases, marking a major step forward in reducing the industry's carbon emissions. Technology to reduce harmful greenhouse gas emissions Lupin aims to become the first pharmaceutical company in India to use Honeywell's Solstice Air at scale as a next-generation propellant in pMDIs. Solstice Air provides an alternative to traditional HFC propellants, with the potential to cut greenhouse gas emissions by up to 99.9%. 'Lupin's partnership with Honeywell underscores our commitment to delivering high-quality medicines while working towards a healthier, more sustainable future for our patients and communities worldwide. By integrating Solstice Air into our products, we are not only enhancing patient care but also significantly reducing our environmental impact,' claimed Lupin CEO Vinita Gupta in a recent media statement. 'Solstice Air can play a critical role in ensuring that Lupin's respiratory inhalers provide safe and effective treatment options, while also leveraging the latest technology to reduce harmful greenhouse gas emissions,' added Ashish Modi, President, Honeywell India. 'By continuing to research and develop advanced technologies to reduce carbon emissions, Honeywell is committed to driving innovation that enhances healthcare efficacy while pioneering sustainable practices,' Modi claims.
Time of India
12-05-2025
- General
- Time of India
State to assess reading fluency of govt schools students
Jaipur: The Rajasthan education department will launch oral reading fluency assessments for students of Classes 3 to 8 in all govt schools from this academic session. The initiative aims to improve Hindi reading and comprehension skills among students, many of whom struggle with basic assessments will begin in July and focus on evaluating students' reading fluency and comprehension. A passage will be read aloud by each student, recorded, and analysed using AI software. The software will categorise students based on pronunciation and reading speed, particularly words read per minute. The assessment will follow a four-level classification system and suggest remedial measures."Activities to check the oral reading fluency of students in govt schools will start in July to assess the reading and comprehension levels of students. The aim is to strengthen reading and understanding skills in primary classes so they can keep up with the expected learning level in higher classes," said director of secondary education Ashish Modi. TNN
