Tech Mahindra Announced Strategic Investment in US

Digital transformation, consulting and business reengineering services provider Tech Mahindra announced a strategic investment in the US and Germany.

This announcement is expected to make an impact on the investors of stock markets.

The firm inaugurated its research and development centre -- Makers Lab -- in Munich, Germany and at Plano, Dallas, the US.

According to Tech Mahindra, "Maker's Lab" is a research and development hub for co-innovation of solutions and services of the future with customers, partner companies, research institutions, universities, and start-ups.

"Innovation is the key to ensure that we are future-ready. Through our research arm Makers Lab in the US and Germany, we intend to inspire our partner ecosystem, academia and employees to focus on innovation in next gen technologies and customer experience," Tech Mahindra' CEO and MD C.P. Gurnani was quoted as saying in a statement.

"We believe it is our responsibility to invest in the local communities we operate in and initiatives like these help inspire and increase the employability of future technologists."

As per the statement, with the launch of the Makers Lab in the US and Germany, Tech Mahindra now has seven R&D centres globally.