Swiss firm Stäubli to invest $15 mn to set up new tech hub in Bengaluru

Stäubli, a Swiss industrial and mechatronic solution provider, is expanding its footprint in India by investing $15 million or Rs 123 crore to set up a new technology facility in Bengaluru. 

The expansion of 25,000 sq feet facility in Bengaluru that has over 100 employees, not just strengthens the company’s position in the India market, it is also part of Stäubli's efforts towards local job creation and economic development, the company said in a statement. Globally, it has a workforce of about 6,000 employees. 

The 120-year old company recently concluded its ‘Staubli Partnership Forum India’ event to showcase its innovative solution capabilities and the new facility to partners. 

The new facility located in Yelahanka, Bengaluru, represents its three divisions – Electrical Connectors, Fluid Connectors and Robotics – and houses a product showcase area, training rooms for customers and employees, a warehouse, and a service centre. 

"Bringing together functions such as engineering, sales, and customer services, it streamlines operations for better efficiency," the company said. 

The facility will help the company expand its footprint in India by fast-tracking its localisation efforts and strengthening local engineering capabilities, said Gurupad Bhat, managing director, Stäubli Tec Systems India. "With this expansion, Stäubli aims for double-digit growth in its Indian operations,” he added. 

Gerald Vogt, global chief executive officer, Stäubli, said, "We recognise the boundless potential that India offers to our business. Strengthening our local engineering and manufacturing capabilities underscores our commitment to India's growth and our valued partners. As we look forward, we are excited to continue creating opportunities for success and progress." 

Earlier in an interview, Fritz Legler, Vice President Marketing, Sales & Service, Staubli Sargans AG said, India is one of the company’s key markets and plays a very important role now and in future. 

With a focus on industries such as railway, automotive, pharma, and power, Stäubli has four dedicated divisions: electrical connectors, fluid connectors, robotics and textile. 

Bengaluru ranks second after Beijing on the list of top technology hubs in the Asia-Pacific region, according to property consultant Cushman & Wakefield. The report said that Bengaluru is one of the largest contributors to office space leasing with an average share of 25-30% in annual pan-India leasing activity between 2017 -2022. 

Moreover, the tech sector has accounted for an average 38-40% share in annual leasing activity in the Bengaluru office market, which is higher than the national average of 35%, the report said.