Fedeli says Toronto is the fastest growing city in North America
L&T Technology Services Limited (BSE: 540115, NSE: LTTS) says its Engineering Research & Development (ER&D) Center in Toronto will initially focus on developing digital solutions for the transportation sector including railway engineering for a global aerospace and rail major.
With plans to hire over 100 engineers in the next 18-24 months, the ER&D center is expected to become a focal point to hire local talent and further bolster the region’s reputation as a hub for engineering and innovation.
The Toronto centre, a third nearshore global design center in two quarters would cover rail track defect detection, advanced mobility solutions, digital asset management, digital flyboard, sensors and communications systems.
The center will cater to LTTS’ Canada-based clients for developing cutting-edge solutions in Digital Products and also act as a nearshore site for North America-based customers to enable transformative, new-age initiatives in digital engineering.
Speaking on at the centre launch, Amit Chadha, Chief Executive Officer & Managing Director, L&T Technology Services, said, “LTTS is recognized for being the engineering partner of choice for global leaders and developing new-age and sustainable technologies.
“Through this new ER&D center, our customers in Canada and North America can leverage our cutting-edge technologies and digital products. LTTS is committed to building exciting opportunities in the Canadian business ecosystem, while strategically expanding its North American footprint.”
Ziad Rizk, Chief Operating Officer, Ground Transportation Systems (GTS), Canada, added in a release on 2 Nov 2022, “With the vision to invest in new-age digital technologies in the railway engineering sector, we are delighted to partner with an ER&D leader like LTTS in Canada.
“We have over a decade-long partnership with LTTS which is further strengthened with the inauguration of this ER&D Center. Through this partnership, we are confident of continued innovation and providing effective, safe and modern railway capabilities for our customers.”
Victor Fedeli, Ontarios’ Minister of Economic Development, Job Creation and Trade, said, “The City of Toronto is known to be the fastest growing city in North America due to its thriving technology ecosystem.
“We are delighted to welcome an industry leader like LTTS into our community and envision technological advancements and development of local talent through their ER&D centre. We look forward to LTTS’ participation in helping build economic value in the region, while supporting clients globally.”
Earlier this year, LTTS inaugurated an Engineering Design Centre in Toulouse (France) and an ER&D Centre in Krakow (Poland), as part of its strategic global business expansion plans. fiinews.com
