Honeywell's India business to enter $1billion club this year
Bengaluru: Honeywell's India business is set to enter the $1 billion revenue club in the 2025 calendar year, up from $900 million, fuelled by the convergence of 5G, cloud, and AI, creating a strong growth tailwind.
"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. The convergence of AI, 5G, and cloud—a powerful trifecta transforming the industries we serve. This unique combination creates significant promise and marks a major inflection point in AI adoption," said Ashish Modi, president of Honeywell India.
Honeywell has been present 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. At the core of Honeywell's technology transformation is its AI-driven platform, Forge.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Irish homeowners eligible for solar 'bonus' if they live in these eircodes
Activ8
Learn More
Undo
Designed to ingest and contextualize diverse data sets, Forge.AI serves as a cross-industry IoT platform that drives digital transformation across people, processes, and assets
Honeywell in India has three manufacturing facilities and four global centres of excellence for technology development and innovation. It employs close to 13,000 people across 20 locations in the country. "Over 60% of Honeywell's global software development happens in India, marking a significant Make in India contribution," he said.
AI is embedded in three key areas—products. AI-powered tools like Maintenance Assist speed up issue diagnosis and optimise building energy use. In product development, AI-assisted coding accelerates development and reduces time to market, and it leverages AI to enhance productivity across HR, legal, sales, and customer service by supporting employees, not replacing them.
Modi said the company recently announced what we call the airport ground lighting system.
"We started a new line in the Gurugram factory," he added. Honeywell launched its Airfield Ground Lighting (AGL) manufacturing facility in Gurugram. The 41,000 sq ft facility produces AGL systems essential for safe airport operations and compliance with global aviation standards. India's rapidly growing aviation industry is projected to invest up to $12 billion and expand from 148 to 220 airports by 2025.
Honeywell's Airfield Ground Lighting (AGL) solutions, developed and engineered in India, are FAA-certified and comply with ICAO standards.
Honeywell's LED-based AGL solutions improve visibility, reduce energy consumption, and offer greater durability and longer lifespan compared to traditional halogen lamps. Modi said that Honeywell teamed up with Navin Fluorine, part of the Padmanabh Mafatlal Group, to manufacture Honeywell's Solstice zd, a hydrofluoroolefin (HFO) that has various applications, including blowing agents for foam insulation and refrigeration liquid for chillers.
He is also betting big on the newer opportunities in the maintenance, repair, and overhaul (MRO) space. " The MRO industry in India is valued at $4 billion and growing at 10%–12% annually. Historically, most MRO work was done abroad due to a smaller domestic market and limited incentives for OEMs. That's now changing as scale and demand grow," Modi said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
18 minutes ago
- Time of India
Oil prices extend rise as Iran-Israel conflict enters sixth day
Oil prices ticked up in early trading on Wednesday after ending the previous session up more than 4% on worries that the Iran-Israel conflict could disrupt supplies. Brent crude futures rose 19 cents, or 0.25%, to $76.64 a barrel by 0029 GMT. U.S. West Texas Intermediate crude futures rose 23 cents, or 0.31%, to $75.07 per barrel. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo U.S. President Donald Trump on Tuesday called for Iran's "unconditional surrender" as the Iran-Israel air war entered a sixth day. The U.S. military is deploying more fighter aircraft to the region to bolster its forces, three officials said on Tuesday. Analysts said the market was largely worried about supply disruptions in the Strait of Hormuz , which carries a fifth of the world's seaborne oil. Live Events Two oil tankers collided near the strait and caught fire on Tuesday. The United Kingdom Maritime Trade Operations had warned on Monday that electronic interference is affecting ships' navigation systems. Iran is OPEC 's third-largest producer extracting about 3.3 million barrels per day (bpd) of crude oil, but analysts say other members of the Organization of the Petroleum Exporting Countries could use their spare capacity to make up for a drop in Iranian output. Markets are also looking ahead to a second day of U.S. Federal Reserve discussions on Wednesday, in which the central bank is expected to leave its benchmark overnight interest rate in the 4.25%-4.50% range. However, the conflict in the Middle East and the risk of slowing global growth could push the Fed to potentially cut rates by 25 basis points in July, sooner than the current market expectation of September, said Tony Sycamore, market analyst with IG. "The situation in the Middle East could become a catalyst for the Fed to sound more dovish, as it did following the October 7, 2023, Hamas attack," Sycamore said. Lower interest rates generally boost economic growth and demand for oil. Confounding the decision for the Fed, however, is that the Middle East conflict also creates a new source of inflation via surging oil prices. U.S. crude and gasoline stocks fell last week while distillate inventories rose, market sources said, citing American Petroleum Institute figures on Tuesday.
&w=3840&q=100)
Business Standard
20 minutes ago
- Business Standard
India-Canada ties 'extremely important': PM Modi tells Canadian counterpart
Prime Minister Narendra Modi on Tuesday said relations between India and Canada are "extremely important" and the two nations should work together to achieve win-win cooperation in various sectors. Prime Minister Modi and his Canadian counterpart Mark Carney held bilateral discussions on the margins of the G7 Summit here. This was the first meeting between the two leaders since Carney assumed office in May 2025. Congratulating Carney on his grand victory in the election, Modi said, I am sure under your leadership, we will be able to work together in a positive way and take the India-Canada relationship forward." I believe that India-Canada relations are extremely important and India and Canada should work together and achieve win-win cooperation in several areas, Modi said in his remarks ahead of the bilateral meeting. He said Canadian companies have invested in India in a big way, and Indian people have also invested in Canada substantially. We both stand for democratic values. Together, we can strengthen democratic values, we can strengthen humanity, Modi said, adding that if the two nations work together and optimally utilise all their resources, We can work for the welfare of the entire humanity." I am extremely confident that we'll be able to do this task, said Modi, who is in Canada at the invitation of Carney to attend the G7 Summit. "Had an excellent meeting with Prime Minister Mark Carney. Complimented him and the Canadian Government for successfully hosting the G7 Summit," Modi said in an X post. "India and Canada are connected by a strong belief in democracy, freedom and rule of law. PM Carney and I look forward to working closely to add momentum to the India-Canada friendship. Areas like trade, energy, space, clean energy, critical minerals, fertilisers and more offer immense potential in this regard," he said. In his opening remarks ahead of the meeting, Carney said it was a great honour to host Modi at the G7. He said India has been participating in the G7 since 2018, and this is a testament to the importance of your country, to your leadership, and to the importance of the issues that we look to tackle together - from energy security, from the energy transition that you're hoping to lead, to the future of artificial intelligence, to the fight that we have against transnational repression, against terrorism, against other factors, and the work that we can do together. It is my great honour to have you here. I enjoyed your intervention just now and look forward to our discussion, Carney said. Modi further said that he was happy to get the opportunity to visit Canada after 2015 and to be in touch with the people of Canada. This is his first visit to Canada in a decade. India is the largest democracy in the world. During our chair of the G20 Summit, we took many initiatives for the welfare of the world, and today we are extending that resolve through the G7 summit and going to execute it through the help of this platform as well." Modi said this is a great opportunity for us to serve the public good, the global good. It has always been India's intention to promote global goods, and today through G7 we have that same opportunity. Carney's invitation to Modi to attend the G7 Summit signalled the new government's intent to repair the ties with New Delhi that plummeted to an all-time low over the killing of pro-Khalistani separatist Hardeep Singh Nijjar. In October last year, India recalled its high commissioner and five other diplomats after Ottawa attempted to link them to the Nijjar case. India also expelled an equal number of Canadian diplomats. India had accused former prime minister Justin Trudeau's government of allowing pro-Khalistani elements to operate from Canadian soil. Carney, an economist and political newcomer, took charge as Canada's new prime minister in March following the exit of Trudeau from the top office. After Trudeau's exit, New Delhi said it hoped to rebuild ties with Canada based on "mutual trust and sensitivity". In the last few months, the security officials of India and Canada resumed contact and both sides were looking at the possibility of appointing new high commissioners. Describing India and Canada as "vibrant democracies", the external affairs ministry said last week that New Delhi believes the forthcoming meeting between the prime ministers of the two countries on the sidelines of the G7 Summit will offer an important opportunity to exchange views and "explore pathways" to reset bilateral ties. During PM Modi's last visit in 2015, bilateral ties were elevated to the level of strategic partnership. Bilateral trade in goods in 2024 stood at USD 8.6 billion. India exported USD 4.2 billion and imported USD 4.4 billion worth of goods. Bilateral trade in services in 2024 stood at USD 14.3 billion, with India exporting USD 2.5 billion and importing USD 11.8 billion worth of services.
Time of India
28 minutes ago
- Time of India
Horoscope Today, June 18, 2025: Daily Predictions Based on Your Chinese Zodiac Sign
Welcome to your daily Chinese horoscope, where we explore the mystical insights of the Chinese zodiac. Each day brings new opportunities and challenges, shaped by the powerful dynamics of the Chinese zodiac signs and the ongoing Chinese zodiac year. Discover what the stars have in store for you based on your specific zodiac sign in this ancient astrology tradition. Horoscope Today for Rat Zodiac (1948, 1960, 1972, 1984, 1996, 2008, 2020) Today's discomfort is not a setback- it is a disguised step ahead. In a career, pressure nudges you toward growth. The little bother in a relationship can clear the way for transparency. Money-wise, face an untoward choice now to bask in comfort later. Health-wise, forge ahead on a new habit even though it feels hard. Trust the process. Horoscope Today for Ox Zodiac (1949, 1961, 1973, 1985, 1997, 2009, 2021) Someone is waiting in silence for your honesty. So today, speak truly from your heart. In your job, also let your real thoughts be free; respect will be given to you for it. In love, open up gently without fear. Regarding finance, reveal all concerning your actual limitations. Health-wise, share your feelings that you have held inside. It may almost feel risky to do so, but relief and bonding are its rewards. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo Trust that the right people will hold your truth with care. Horoscope Today for Tiger Zodiac (1950, 1962, 1974, 1986, 1998, 2010, 2022) Before trying to fix the problems of the day, create some space. In career matters, giving yourself a pause before reacting will allow you to work out better solutions. By way of love, give quiet time in exchange for quick advice. When dealing with money, do not rush your decisions. Meanwhile, deep breaths can keep you away from pressure. Sometimes clarity comes in stillness. Grant yourself the room to think clearly. When calm returns, solutions will feel natural and light. Horoscope Today for Rabbit Zodiac (1951, 1963, 1975, 1987, 1999, 2011, 2023) Remember today that your worth is not up for debate. Allow no one to put your worth into question in relationships. In your workplace, remain steadfast in your convictions. Ask for whatever you really deserve in money. Honour your body for health and do not compare your body to any other. You are enough exactly as you are. Say no with assurance. You need not minimise yourself to ease another person's uneasiness. Alone by your presence, you truly shine. Horoscope Today for Dragon Zodiac (1940, 1952, 1964, 1976, 1988, 2000, 2012, 2024) Even a small victory counts today. Don't wait to feel proud of that big success. Career-wise, completing a task leads to progress. On the lover's side, a kind word will bring warmth. Even saving a little bit of your finances helps your little goal. Any positive step in health is a step to improvement. Celebrate yourself—any progress counts, regardless of how small it is. When you appreciate the journey and not the destination, your energy becomes stronger. Horoscope Today for Snake Zodiac (1941, 1953, 1965, 1977, 1989, 2001, 2013) A single good choice will create more positive effects today. Drink more water, say kind words, and make sure to sleep well—they all add up. In a career, one smart thing today can pull up your tomorrow. In love, one gentle interaction supports deeper bonds. Financially, just a little saving begins your stability. For health, only one change has to happen. You don't have to have a perfect day; one better choice is all it takes to put you on a better path. Horoscope Today for Horse Zodiac (1942, 1954, 1966, 1978, 1990, 2002, 2014) Today, time looks a little slow for you, but this is a blessing. Don't force the pace; go with it. At work, let this be a time for planning rather than rushing. In love, sit back and savour calm moments. Financially, look things over before approving or spending. For health, nurture yourself and charge up, without remorse. Slow means thought, not stop. Let the tranquillity take the lead in your steps today. After paying respect to this pause, you'll step forward even greater. Horoscope Today for Goat Zodiac (1943, 1955, 1967, 1979, 1991, 2003, 2015) Trust is your quiet strength today. Build it slowly through actions, not just words. Career-wise, be reliable; don't just promise. In love, be consistently reliable. Financially, stand by your word- it means something. For health, listen to your body's signals. But remember: trust is fragile. One careless act will shake, if not destroy, what took ages to build. Be gentle, be clear. Protect the trust others place in you, and your own shall also grow. Horoscope Today for Monkey Zodiac (1944, 1956, 1968, 1980, 1992, 2004, 2016) You could feel like a champion today, but keep in mind that your energy needs protection. Not everyone deserves your full attention or access to your thoughts. At work, feeling victorious in silence is just fine. Conspire with forethought. In love, save some room for yourself. Financially, do not buy your way into glory. In health, relax and rest well after the win. It is your treasure to guard. Even in joyful moments, being balanced will allow your success to stand firm and your soul to remain calm. Horoscope Today for Rooster Zodiac (1945, 1957, 1969, 1981, 1993, 2005, 2017) Today, seek clarity, not perfection. You do not need to have all the answers; you only need the right ones. At work, ask clear questions while refusing to do everything alone. In love, say how you feel in a straightforward manner. In finances, assess instead of controlling. In health, opt for routines that are simple and feel right. Do not aim for flawless; aim for real. Clarity shall lead your path more than chasing the impossible. Horoscope Today for Dog Zodiac (1946, 1958, 1970, 1982, 1994, 2006, 2018) Your peace outweighs constant involvement. Today, some emotional distance shall keep you centred. In relationships, step back if things feel heavy; at work, avoid overcommitting. In finances, observe before deciding. In health, detach from stress. Detachment is not coldness; it is self-care. Protect your mind and energy. When you return, you will be in a calmer and clearer state. Peace equals power today. Horoscope Today for Pig Zodiac (1947, 1959, 1971, 1983, 1995, 2007, 2019) Make your goals support health and peace. Today, your efforts should be in harmony with your well-being. At work, do not do anything that will drain your spirit. In love, make connections without losing yourself. Financially, purchase anything that affords you ease in life. For your health, ensure that ambition meets rest. You need never run after success for the sake of happiness. When your goals meet your soul, life flows naturally and joyfully. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
