Zoho to foray into R&D in manufacturing sector

  • Information Technology major Zoho will invest ₹50-100 crore and form a new company, that will focus on research and development in the manufacturing sector.
  • Sridhar said the majority of manufacturing business in India is heavily dependent on imports from cutting-edge technology to machines.
  • Stating that the manufacturing sector, like textile, motor and pumps, battery for electric vehicles and machine tools, was importing machines and technology, Sridhar said that Zoho will form a company and invest ₹50 to 100 crore, with a matching investment from local industries in eight sectors.

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