ZF Friedrichshafen AG has inaugurated its first Technology Center in India in Hyderabad, Telangana. The ceremony took place in the presence of K. Chandrashekar Rao, Chief Minister of Telangana, Dr. Stefan Sommer, CEO of ZF Friedrichshafen AG, Mamatha Chamarthi, Chief Digital Officer and executive lead for the India Technology Center (ITC) and other senior government and ZF officials.

The ZF ITC strengthens ZF's presence in the country with anticipated investment plans of €15 million over the next five years. The ITC will foster high-end innovations which will focus on bringing advanced technology to India as well as localizing more strategic business activities including research, design and development for global market initiatives. It also aims to leverage one of the finest academic research communities and the increasingly recognized rich and diverse talent pool for global development projects.

ZF CEO Dr. Stefan Sommer said: "At ZF, we are experiencing substantial growth in many regions, and this is especially true in India. In a dynamically changing and increasingly digital world, speed is of the essence and we are proud to have been able to complete the set-up in a short period of time."

ZF announced plans to build the ITC in September 2016. "We look forward to establishing our presence in such an exciting part of the region and growing its reputation as an innovation hub."

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