United Technologies Corporation COO values partnering with Infotech Enterprises

Infotech Enterprises Ltd has announced that Louis Chenevert, President & Chief Operating Officer, United Technologies Corporation (UTC) speaking at an event to commemorate UTC´s five year partnership with the Company, highlighted UTC´s commitment to develop India both as a major customer for its products and as a strategic supplier for services and parts. He reiterated that UTC is strongly positioned for future growth, based on Innovation and Technology.

Mr. Chenevert said "India is an important market for UTC with major growth opportunities. We have been thoroughly impressed with our relationships in India and especially value our partnership with Infotech. Our business with Infotech has grown to about $100M over the past five years. This is a testament to the value UTC and Infotech place on this relationship."

Mr. Chenevert mentioned that a growing portion of UTC´s research and development is being done overseas, including in India. Being able to effectively co-operate with companies like Infotech, UTC is not only able to reduce costs but also is able to bring products to market quicker and gain competitive advantages. UTC will continue to look for opportunities to increase its engagement with Companies in India, especially the Company.

Also speaking on the occasion, BVR Mohan Reddy, Chairman and Managing Director, of the Company said "It a matter of great pride for us at Infotech, to provide critical engineering and software services to an organization like UTC. Our goal is to continue to be an integral part of UTC´s supply chain and to enable them to deliver world-class products. We have achieved the highest standard of quality and have adhered to the toughest timelines during the last 18 months. We have progressed from being a small supplier five years ago to today being a strategic partner providing world class services to UTC."

Mr. Chenevert and Mr. Reddy also highlighted their respective Companies´ collaboration in providing socially responsible services. UTC has provided financial support to the Infotech Enterprises Charitable Trust (IECT) which aids institutions for street children. Among other activities of the Company has adopted the Krushi Balajyothi School for underprivileged children in Hyderabad to help socially deprived children build their future by giving them emotional support and a strong educational foundation. The Company and its associates have contributed to various United Way initiatives supported by UTC.

Source : Equity Bulls

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