Ricoh has established an IT-focused R&D facility in Bangalore in southern India, Ricoh Innovations Private Limited (RIPL). It is incorporated as a subsidiary of Ricoh Innovations, Inc. (RII). RIPL will begin by creating IT solutions adapted to India's needs, incorporating core IT technologies cultivated at RII and Ricoh. Eventually, RIPL will also search for business opportunities in similar market environments.
Hiroshi Kobayashi, Corporate Executive Vice President, Ricoh and Chairman, RII said, "We believe that products and services which enjoy success in the Indian market can in turn succeed in newly emerging markets in Africa, the Middle East, and Southeast Asia, which have a combined population totaling 2.5 billion people. Beyond that, solutions competitive in emerging markets have the possibility of spawning new innovations in advanced nations (reverse RIPL is committed to exploring new IT solutions, promoting the fusion of innovative technologies."
"RIPL's role is primarily Research & Development. Ricoh India will work closely with RIPL, exploring opportunities for collaborating and promoting solutions driven by local market needs," said Tetsuya Takano, MD & CEO, Ricoh India.
