Giesecke & Devrient (G&D), one of the world’s leading providers of smart-card solutions, is opening a new development center in Pune, India.
The center’s approximately 80 employees are developing products based on smart card technology for applications in mobile communication, electronic payment and public administration. Over the next few years, the center intends to double the size of its workforce to 150 by recruiting other IT specialists.
The Pune facility is one of three G&D Development Centers – alongside those in China and at Group headquarters in Munich, the latter being responsible for controlling all R&D activities. Already in 2007, the German security technology group boosted its research and development expenditure by 25 percent to more than $145 million.