UPS and Guidance, the Government of Tamil Nadu’s nodal agency for investment promotion and single window facilitation, signed an investment memorandum of understanding (MoU) at the Tamil Nadu Global Investors Meet.
The latest expansion builds on an initial investment of $15-$20 million announced in 2023 in its technology centres in India, says an official release from UPS. “In August 2023, the company opened its first technology centre in Chennai. The technology centres also show UPS’s commitment to the advancement of women and people from rural areas, including providing them opportunities for fulfilling careers in technology.”
As part of its upskilling initiatives, students from the rural areas of Tamil Nadu have already joined the UPS technology centre as interns under the state government’s Naan Mudhalvan scheme, the release added.
“Chennai can power innovation for the world as a world-class technology and innovation hub,” says Subramani Ramakrishnan, Vice President, Technology centres in India, UPS. “It’s fueled by India’s ability to scale up talent pools and support innovation for global businesses and economic acceleration. We’re thankful to the Tamil Nadu government and the Guidance team for their support in developing a high-tech future powered by digitisation, data analytics and automation. The innovative technologies developed at the technology centres in India will allow us to offer an unparalleled logistics experience for our customers across industries.”
