BENGALURU: Honeywell’s India business is set to enter the $1-billion revenue club in 2025, up from $900 million, fuelled by the convergence of 5G, cloud, and AI.“India provides an opportunity to grow at double digits over the next several years for companies like us. It’s one of our fastest-growing markets globally. We plan to be a $1-billion company in 2025,” said Ashish Modi, president of Honeywell India.Honeywell has been in the country for over nine decades, from licensing technology for the first refinery at Digboi in Assam in the 1930s to supporting the 100 smart cities initiative. Its business powers three megatrends-automation, aviation, and energy transition. It also delivers solutions across aerospace, industrial and building automation, and energy.Honeywell employs close to 13,000 people in India. “Over 60% of Honeywell’s global software development happens in India, marking a significant ‘Make in India’ contribution,” Modi said. He said the company recently announced what we call the airport ground lighting system.
