Bengaluru, India - IDEC Corporation has announced establishment of a sales subsidiary in Bengaluru for the purpose of expanding business in India. The new subsidiary has already begun operations since February 2020.
“IDEC has identified Asia Pacific, driven from our Singapore regional headquarters, as one of the key regions to achieve our ambitious global expansion goal. In order to accelerate our growth in the region, we decided to establish a sales subsidiary in India, the world’s fastest growing economy with a 1.3 billion strong population and promising sustainable and stable growth perspectives,” said Toshiyuki Funaki, Chairman & CEO, IDEC Corporation. “With the establishment of our India subsidiary, we aim at providing even better support and high-value services to our customers and partners in India,” he added.
The scope of the business includes the development, production, and sales of various control device products that achieve safety, productivity improvement, and lower environmental impact. Ultimately IDEC is looking atan era when humans and robots will work together.