Another Indian company is bringing hundreds of jobs to Indiana. Engineering company AXISCADES has announced plans to locate its North American headquarters in the state and create up to 500 jobs by the end of 2023. Governor Eric Holcomb, who is leading a delegation in India on an economic development trip, says the company’s work in the engineering, automotive, aerospace and medical device spaces makes it a "match made in heaven" with Indiana. AXISCADES is considering a short list of possible sites in Indiana to make its $10 million investment.
The company is planning to make a final decision on an Indiana location by the end of the year and launch operations by April. AXISCADES offers services in areas including mechanical engineering, embedded software and hardware, manufacturing and system integration. Its clients include Caterpillar, GE, Bombardier, Siemens and Airbus.
AXISCADES has more than 1,900 associates at centers in North America, Europe and Asia. Its current North American locations are in Peoria, Illinois and Montreal. The company plans to begin hiring for engineering jobs in Indiana next spring. The Indiana Economic Development Corp. has offered AXISCADES up to $4.8 million in conditional tax credits and training grants based on the company’s job creation plans.
The company is headquartered in Bangalore, which is the capital of the Indian state of Karnataka. The announcement comes the same week Indiana announced a new sister-state relationship with Karnataka. The state is also home to companies including Infosys, which is bringing a tech and innovation hub along with 2,000 planned new jobs to central Indiana, and Wipro, which acquired Indianapolis-based Appirio last year in a $500 million deal.
Holcomb says in-person negotiations were important to sealing the deal.