BANGALORE, India, November 5, 2008 -– United Technologies opened its Second Annual India Supplier Conference today in Bangalore, India. Nearly 200 supply representatives from 43 Indian companies gathered for this year’s event.
UTC President and Chief Executive Officer Louis R. Chênevert traveled to India to deliver the conference keynote address.
“India continues to grow in importance to UTC businesses, whether it is Otis elevators, Carrier air conditioners, Sikorsky helicopters, Pratt & Whitney aircraft engines, UTC Fire & Security products or UTC Power distributed power generation equipment,” said Chênevert. “Total 2007 India revenues for UTC were 33 percent higher than in 2006, and we expect India revenues to exceed half a billion dollars for the first time in 2008. Our confidence in the Indian market remains high.”
This year’s supplier conference coincided with the opening of a new aerospace supply office in Bangalore.
“This new facility enables our aerospace business units to provide technical support to existing suppliers,” continued Chênevert. “Developing a broader and deeper local supply base is a focus for UTC aerospace companies as they continue to expand operations in India.”
UTC companies have a long history in India dating to 1899, when Otis sold its first elevator there in Chennai. Today, UTC businesses maintain a strong presence in India with 102 offices, three factories and almost 4,000 employees.
Otis Elevator Company India operates a Bangalore-based manufacturing facility with the capacity to produce 6,000 elevators a year.
Carrier India operates a 274,000 square foot facility in Gurgaon, which produces a wide range of air-conditioning and refrigeration products.
In September 2008, Carrier India broke ground on a new R&D facility in Gurgaon as part of a $50 million multi-year investment to develop products and technology and support its expanding manufacturing operations in India.
Pratt & Whitney engines currently power Air Deccan, Air India, Blue Dart Aviation, IndiGo, Jet Airways, and Kingfisher Airlines aircraft operating throughout the country.
United Technologies Corp. (NYSE: UTX), a member of the Dow Jones Industrial Average, is a diversified $55 billion global company made up of world-leading businesses with histories of technological pioneering. UTC businesses invented safety elevators and air conditioning, and developed the world’s first working helicopter, the first commercial fuel cell, and the life support systems for the U.S. space program.
UTC products include Carrier heating and air conditioning, Hamilton Sundstrand aerospace and industrial systems, Otis elevators and escalators, Pratt & Whitney aircraft engines, Sikorsky helicopters, UTC Fire & Security systems and UTC Power fuel cells and alternative energy solutions.