To expand its presence in India, Advantech, a global pioneer in Industrial IoT, is set to make substantial investments in the Indian market. The company intends to relocate its Operations and Service centre in Bangalore to a larger facility, enhancing operational efficiency and local service capabilities.
Additionally, Advantech plans to establish a software research and development centre in Pune and anticipates hiring hundreds of software engineers. Simultaneously, Advantech will strengthen its industry-academia collaboration, with the goal of recruiting top-tier Indian talent directly from local campuses.
Mark Yang, Associate Vice President of Embedded-IoT Business Group and AInterCon at Advantech, highlighted Advantech’s extensive presence in the Indian market spanning over 20 years. In the past seven years, the company has achieved remarkable growth, with an impressive annual rate of 19.5%. Over the last three years, this growth has accelerated, maintaining a compound annual growth rate of more than 32.3% setting consecutive yearly records.
This exceptional growth has boosted confidence in Advantech’s local business operations and investment strategy, leading to the initiation of an integration plan that includes the expansion of the operations and service centre in Bangalore and the establishment of a software R&D centre in Pune.
Mark elaborated on Advantech’s proactive approach to developing AIoT solutions tailored for the Indian market. The company is employing a “Sector-Driven” strategy, with a particular focus on various high-growth-rate sectors, including smart cities, application-focused embedded platforms (AFE), Edge Intelligence, and Industrial AI.
Advantech aims to leverage the Edge+ ecosystem to accelerate the localisation of AIoT applications to gain a competitive advantage in India. Furthermore, in addition to the ongoing collaboration with existing Indian partners, Advantech has plans to forge partnerships with local system integrators in specific vertical markets in the future. This strategic move is aimed at catalysing a new wave of growth within the local industry ecosystem.
Rakesh Sharma, Head of Operations at Advantech in India, highlighted the company’s response to the evolving market demands in India, including IoT edge computing and smart cities. In alignment with the government’s “Make in India” policy, and to address customer demands, Advantech has made substantial investments in expanding its local service capabilities in Bangalore.
This expansion involves strengthening local operations, optimising logistics services, improving production lines, and enhancing service centres. The goal is to enhance the flexibility and agility of Advantech’s supply chain.
Sharma also mentioned that Advantech is actively expanding its service centre operations in India. This expansion includes enhancing the capabilities of existing configure-to-order service centres, system and board repair centres, and logistics centres.
Additionally, the expansion will include Advantech Service Plus (AS+), an initiative expected to result in a fivefold increase in Advantech India’s performance. Wesley Liu, Director of Advantech Human Resources Department, announced plans to address the growing demand for application software talent in AIoT+ edge computing by establishing a software R&D centre in Pune, India. This centre will focus on recruiting top-tier software professionals and integrating them into Advantech’s industrial IoT domain through a comprehensive strategic approach and planning.
