Indian Company Picks Columbus For North American HQ

Updated:
The company said last month it plans to launch operations by April. The company said last month it plans to launch operations by April.
COLUMBUS -

An executive with an India-based engineering company planning to establish its North American headquarters in Columbus is touting Indiana's work force. Vice Chairman Sudhakar Gande says AXISCADES will "leverage the availability of skilled engineering talent in Indiana" to fill an expected 500 openings by 2023. AXISCADES, which announced plans to locate in Indiana, expects to create up to 100 jobs within the first year of operation as part of a $10 million investment. The company says it also plans to establish satellite offices throughout the state for customer-focused engineering teams.

The Indiana Economic Development Corp. says AXISCADES will initially lease space at 810 Brown Street in Columbus that will serve as its North American headquarters and house management functions. Gande adds Indiana offers a central location and a strong pro-business environment.

"The advanced manufacturing and high technology environment in Indiana also provides a key element in our selection," Gande said in a news release. "We are excited to leverage the availability of skilled engineering talent In Indiana as well as the state’s strong education system to meet the growing skill demands of the future."

AXISCADES provides product engineering solutions for companies in the aerospace, defense, heavy engineering, automotive, energy, medical and health care sectors. The company says it will also locate engineering associates at its clients' facilities throughout the state.

IEDC is planning to offer the company up to $4.3 million in conditional tax credits and up to $500,000 in training grants. An additional $1 million in incentives will also be considered to support infrastructure needs for the project. The city of Columbus has offered up to $50,000 in performance-based incentives as well.

"Columbus, Indiana, is known for being a community that welcomes foreign direct investment along with the best and brightest engineering talent in the world," said Columbus Mayor Jim Lienhoop. "We are exceptionally pleased to welcome India-based AXISCADES and their team members to Columbus, and we look forward to supporting their success."

The commitment by AXISCADES to locate its North American headquarters in Indiana was announced during Governor Eric Holcomb's economic development trip to India.

  • Perspectives

    • #MeToo, Bullying And What We All Can Do Now

      Indeed, it is an interesting time with so much continuing to come out in Hollywood, the media, other industries, and even our state government related to the sexual harassment of women - women who have remained silent for years. Like those women, I too have been harassed in various ways over the course of my career, even in recent years - and yes, even in top leadership roles. The headline about my departure or the email citing that I was moving on never fully told the real story.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • U.S. Steel 'Renaissance' Spurs $750M Gary Works Investment

      Pittsburgh-based U.S. Steel Corp. (NYSE: X) has announced a $750 million investment in its Gary Works operations. The company says the funds are part of a $2 billion asset revitalization effort that will take place over the next five years. Last year, U.S. Steel detailed plans that involved pumping $35 million into Gary Works, which followed the $23 million first phase of its Hot Strip Mill Restoration Plan. The latest investment, the Indiana Economic Development Corp. says...

    • Taxman, Metazoa Winners in 'World Beer Awards'

      Two Indiana breweries have received recognition from an international beer competition. The World Beer Awards honor "the very best internationally-recognized beer styles" through a series of judged tasting rounds in multiple locations throughout North America, South America and Europe. Bargersville-based Taxman Brewing Co. and Metazoa Brewing Co. of Indianapolis were named style winners in their respective categories. The two breweries were also ranked tops in the U.S...

    • Survey: Indiana Farmland Values Rise

      A survey published earlier this month in the Purdue Agricultural Economics Report shows farmland values and cash rents throughout the state rose slightly this year. Purdue Agricultural Economics Professor Craig Dobbins says the June 2018 Purdue Land Value Survey aims to give people an idea of what is happening in the farmland market.

    • Ball State Reverses Decision on Schnatter

      The Ball State University Board of Trustees has changed its tune and will remove the name of Papa John's International Inc. (Nasdaq: PZZA) founder John Schnatter from the university's Institute for Entrepreneurship and Free Enterprise. During a special meeting Thursday, the board also voted to return the $3.25 million grant awarded by the John H. Schnatter Family Foundation in 2016. The board voted 8-1 with trustee Jean Ann Jean Ann Harcourt providing the sole...

    • Fort Wayne Radio Icon Butcher Passes Away

      A fixture in the Fort Wayne radio scene has passed away. Charly Butcher spent more than 30 years in Fort Wayne radio with a successful morning show on WMEE-FM and, most recently, as host of "Fort Wayne's Morning News" on WOWO radio. Butcher was 61. Butcher was part of WMEE's popular "Those Two Guys In The Morning" show with Tony Richards in the 1980s. He joined WOWO in the mid-2000s as host of "Fort Wayne's Morning News With Charly Butcher."