Honeywell Sets $1 Billion Revenue Target in India by 2025
Honeywell announced its target to achieve $1 billion in revenue from its India operations by 2025. The announcement was made during the company’s participation at the World Economic Forum in Davos, reflecting its focus on expanding its business presence in the country.
According to a report by CNBC, the company plans to increase its investment and operational activities across sectors such as aerospace, building technologies, energy, and performance materials. Honeywell has been operating in India for several decades, and its operations currently include multiple manufacturing plants, research and development centers, and offices in the country.
Vimal Kapur, Chief Executive Officer of Honeywell, stated that the company views India as a key growth market. He emphasized the importance of leveraging local talent and innovation to meet the company’s revenue goals.
The $1 billion target reflects Honeywell’s strategy to align its offerings with India’s growing demand for industrial automation, sustainable energy solutions, and digital transformation. Honeywell has previously collaborated with several industries in India to implement its technologies in areas such as energy efficiency, aviation, and smart infrastructure.
The company’s 2025 revenue goal is part of its broader global growth strategy, with India playing a significant role due to its expanding industrial and technological sectors. Further details on Honeywell’s investment plans and specific projects are expected to emerge as the company progresses toward its target.
Honeywell’s India operations include a workforce of over 15,000 employees, with a strong emphasis on research and development. The company has not disclosed specific investment figures tied to the 2025 target.