Rolls-Royce ties up with TCS to drive growth in India operations
Bengaluru: Jet engine maker Rolls-Royce Holdings Plc is looking at driving growth in its India operations through a partnership with Tata Consultancy Services Ltd (TCS), the UK-based company said.
The partnership with TCS will accelerate its digital transformation and innovation strategy. It will provide Rolls-Royce with digital platform capabilities that will allow it to capture, share and analyse data more easily across the engine maker. That, in turn, will give the company room to develop new products and services at a faster pace, Rolls-Royce said in a statement.
“We look at this as the largest strategic move we have made in India in a long time. This will build the company’s next generation innovations from India,” Kishore Jayaraman, president of India and South Asia at Rolls-Royce said in an interview.
Both companies have been working together on engineering services since 2010 and this is an extension of that relationship, Rolls-Royce said in a statement. Going ahead, using TCS’s platforms and growth innovation models as a foundation, Rolls-Royce’s digital transformation journey in Bengaluru will evolve into a separate digital hub.
Rolls-Royce is also planning to expand its India operations, strategic marketing director Ben Story said in an interview. “We have got some further plans. We’re very confident that there’s more to come,” he said, without revealing additional details.
India is one of the company’s five global hubs across the world—the others being in the US, UK, Singapore and China. It is one of the key markets for Rolls-Royce both in terms of skills and capability and business opportunity, the two executives said. The goal is to get to a point where Rolls-Royce can manufacture its engines in India.
But the company has not yet got any concrete plans to set up an engine-making facility, according to Jayaraman. “The entry barrier is very high to set up such a facility. What’s very important is that the products we sell have to be serviced locally so customers have access to us very quickly. That is already here in Bangalore. The base is there so we will start building on that,” he said.
In April, the company opened a new defence service delivery centre in Bengaluru, the first outside the US and UK, to provide localized engineering support and solutions and lower turnaround time for the Indian Air Force, Indian Navy and state-owned Hindustan Aeronautics Ltd (HAL).
“China is our second biggest market in civil aerospace. We have more than half the market in wide body in China. We want to do the same thing in India. And the investment we are making and the resources we are putting in India is anticipating a similar type of growth over the next 20 years,” Story said.
- Inflation likely to exceed RBI’s 4% target in November: report
- Maersk sees falling freight rates in bearish sign for trade
- News in Numbers: 39% MF assets invested in equities, balanced funds in November
- Gujarat elections, Fed meet, Parliament session to keep markets on edge
- Bubble in Bitcoin or elsewhere?