Zoho to focus on R&D in manufacturing sector
The Hindu
To form a separate company and invest ₹ 50 crore to ₹ 100 crore
Zoho will invest ₹ 50 crore to ₹ 100 crore and form a separate company that will focus on research and development in the manufacturing sector.
Sridhar Vembu, Co-Founder and Chief Executive Officer of Zoho, told presspersons here on Saturday that the company would have local industries as partners who would bring in matching investment.
A centre would be set up in about three months and it would look at research and development in eight major sectors such as motors, machine tools, textiles, and battery technology.
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