Printer manufacturer Kyocera is planning to build a research and development (R&D) facility in India, projected to cost as much as 1 billion rupees (US$18.3 million).
In an interview with The Hindu Business Line Thursday, Kyocera Documents India Managing Director K Swetharanyan said the facility could be built by 2015. The facility will be the company's third R&D facility, with the other two in Japan and the United States.
"Kyocera is planning to set up a software R&D center in India, probably in Gurgaon or Bangalore. We are working out the budget, but it could be up to 1 billion rupees," Swetharanyan said in the report.
The center, once operational, would develop new applications to manage documents. These include documentation cost control, document and data security, document management systems, data archival and retrieval, and mobile and cloud printing solutions, the report noted.
The executive added Kyocera has yet to decide if it will undertake the R&D work itself or outsource the function to a third-party, likely to be a major Indian software developer.
India has become an important market for the company, where Swetharanyan said revenues have grown by more than 50 per cent to 1.1 billion rupees (US$20.1 million) for the financial year of 2012/13.
"Sales of our printers and other products have been witnessing steady growth in metro cities like Mumbai, Delhi, Bangalore, Chennai and Hyderabad," he said.
The Kyocera announcement follows the launch of a US$50 million investment by American security application developer FireEye last month.