Honeywell Eyes Indian Security Market

Honeywell Security is eyeing the Indian market for its smart card technology, Internet protocol (IP) based systems, home automation and visitor management systems.

According to Honeywell, the Indian electronic security market is growing at a compounded annual growth rate (CAGR) of 30 percent.

The company employs more than 5,500 persons in India.

It has its research laboratories in Bangalore, manufacturing facilities at Pune and Gurgaon, and customer support facilities at Gurgaon.

The company caters to the electronic security needs of the industrial, government, defence, transportation, commercial, retail, hotel, hospital, corporate buildings, information technology (IT)/information technology enabled service (ITES), banking, small and medium business (SMB) and residential segments.

<<India Business Insight -- 07/25/06>>