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Ricoh Opens R&D Headquarters In India
Ricoh Innovations, Inc., a Silicon Valley-based subsidiary of Ricoh Company, Ltd., announced yesterday the formation of Ricoh Innovations Private Limited (RIPL) in India.
RIPL, which develops innovative technologies and new business opportunities for Ricoh, will have its headquarters and first R&D facility in Bangalore, to extend RII’s reach to the rapidly growing India market.
Combining market-oriented technology development with regionally optimized research, RIPL’s software and systems R&D teams will focus on supporting cutting-edge projects in large market segments such as health care, education, finance, media, and entertainment tailored for the Indian market.
“The establishment of an R&D subsidiary in India is a natural fit to our goal of expanding our activities from Silicon Valley,” added Dr. Nikhil Balram, president and CEO of RII.
“The surging Indian economy offers tremendous opportunities for new innovation. We are excited to be positioned to play a leading role.”
The technologies and services developed by RIPL will form the groundwork for solutions for other large emerging regions such as Africa and South Asia, in addition to India.
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