Good for Business, Innovations, Investments, Lithuania, Technology
International Internet Magazine. Baltic States news & analytics
Wednesday, 21.11.2018, 02:29
India's Tonbo Imaging setting up unit in Lithuania
Print version |
|---|
The company plans to establish a research and development team of over 50
specialists in Lithuania's second-biggest city of Kaunas, the government's
foreign investment promotion agency said in a press release.
Arvind
Lakshmikumar, the founder and CEO of Tonbo Imaging, said that "Lithuania was a natural choice for
us given its reputation as a hub for optics research and technology, local
talent and economic dynamism".
"This, combined with the Lithuanian government's strong support for
new initiatives made the country an ideal location," he was quoted as
saying in the press release.
Lithuanian Economy Minister Virginijus Sinkevicius noted that
"local companies make up the core of the Lithuanian laser industry, and
foreign direct investment projects in this sphere are rather rare".
Tonbo Imaging has
engineering development centers in Singapore, India and the US.
- 20.11.2018 Offshore wind farms in Baltic Sea to be built in 2021 at earliest – Lithuanian energmin
- 20.11.2018 Lietuvos gelezinkeliai за 75 млн. евро обновят участок Ливинтай - Гайжюнай
- 20.11.2018 Ведомство президента Литвы призывает искать другие варианты авиаперевозок руководства
- 20.11.2018 На литовско-польской границе задержана контрабанда сигарет на 2 млн. евро
- 20.11.2018 Freight handling by Estonian ports up 20% on year in October
- 20.11.2018 Contraband cigarettes worth EUR 2 mln busted on Lithuanian-Polish border
- 20.11.2018 Lithuania's presidential office suggests looking for options for leaders' flights
- 20.11.2018 Lithuanian Railways to upgrade another section of Vilnius-Klaipeda railway
- 20.11.2018 Russia's Curonian Spit disconnection has nothing to do with Baltic synchronization – CEO
- 20.11.2018 Лидер латвийского рынка автоперевозок в 2017 году - ООО Kreiss
Global growth: effect for the Baltic States
