Honeywell bets on smart cities for growth
BENGALURU: Honeywell sees growth in two key segments in India—Smart Cities and Digitisation, said Terrence Hahn, CEO, of Honeywell's Home and Building Technologies (HBT) business.
"We are building the ability to develop solutions locally for local applications and then be able to grow," Hahn said. The company is focussed on serving the midmarket segment and is reorienting its product portfolio to suit the conditions in the subcontinent. "As a global company, we want to be supportive to driving growth. As the urban population continues to grow, we are excited about opportunities in India," said Hahn.
The Fortune 100 company manufactures multiple technologies and is divided into four major businesses —Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions, and Performance Materials and Technologies The newly formed HBT arm of Honesitivesenywell makes connected devices to monitor and control security, fire and air conditioning systems for home, commercial and industrial buildings.
The New Jersey-headquartered company has participated in the Digital India and Smart cities initiative of the government and has provided IoTenabled security solutions.In May last year, Honeywell successfully completed an IoT-enabled installation of surveillance and emergency response system ahead of Kumbh Mela in Ujjain.
The CCTVs, video cameras and automatic number plate readers deployed as part of the project helped the Madhya Pradesh Police in crime prevention and crowd management by monitoring sensitive areas. Hahn said Honeywell differentiates itself from its competitors in the connected devices segment by working both on the hardware and software side of IoT while their competitors do either one of those.
"From a combinational - hardware, firmware and software perspective, there really isn't anyone in the home and building space who has got a better combined understanding," he said. In addition to industrial solutions, Honeywell has also created an air purifier with a mobile app to cater to home and commercial segments amongst others.
The pollution level in India is much higher than the west and the air purifier system has been reoriented to suit the Indian environment, said Vikas Chadha, president, Honeywell India.
Asked about the protectionists sentiments hindering the movement of free labour around the world, Hahn said, "From time to time, different countries propose different measures. Sometimes they enact, sometimes they don't. That's what is going around today... There may be some headlines, but there are some very prudent people running India and the US. We'll always get to the right answer". Honeywell has an eight-decade legacy in India and has an annual turnover of over $1 billion in domestic sales and exports. The company has seven manufacturing centres and five R&D labs in India employing close to 15,000 people.
"We are building the ability to develop solutions locally for local applications and then be able to grow," Hahn said. The company is focussed on serving the midmarket segment and is reorienting its product portfolio to suit the conditions in the subcontinent. "As a global company, we want to be supportive to driving growth. As the urban population continues to grow, we are excited about opportunities in India," said Hahn.
The Fortune 100 company manufactures multiple technologies and is divided into four major businesses —Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions, and Performance Materials and Technologies The newly formed HBT arm of Honesitivesenywell makes connected devices to monitor and control security, fire and air conditioning systems for home, commercial and industrial buildings.
The New Jersey-headquartered company has participated in the Digital India and Smart cities initiative of the government and has provided IoTenabled security solutions.In May last year, Honeywell successfully completed an IoT-enabled installation of surveillance and emergency response system ahead of Kumbh Mela in Ujjain.
The CCTVs, video cameras and automatic number plate readers deployed as part of the project helped the Madhya Pradesh Police in crime prevention and crowd management by monitoring sensitive areas. Hahn said Honeywell differentiates itself from its competitors in the connected devices segment by working both on the hardware and software side of IoT while their competitors do either one of those.
"From a combinational - hardware, firmware and software perspective, there really isn't anyone in the home and building space who has got a better combined understanding," he said. In addition to industrial solutions, Honeywell has also created an air purifier with a mobile app to cater to home and commercial segments amongst others.
The pollution level in India is much higher than the west and the air purifier system has been reoriented to suit the Indian environment, said Vikas Chadha, president, Honeywell India.
Asked about the protectionists sentiments hindering the movement of free labour around the world, Hahn said, "From time to time, different countries propose different measures. Sometimes they enact, sometimes they don't. That's what is going around today... There may be some headlines, but there are some very prudent people running India and the US. We'll always get to the right answer". Honeywell has an eight-decade legacy in India and has an annual turnover of over $1 billion in domestic sales and exports. The company has seven manufacturing centres and five R&D labs in India employing close to 15,000 people.
