To compete with online rivals such as Amazon, US home improvement retailer
The US company has closely worked for several years with Indian outsourcing giants such as
After about 12 months of establishing its first global in-house centre (GIC) in India, Lowe's is working to expand its operations in the country by hiring more people, transferring more technology projects to the
Lowe’s chief information officer
He told ET: "We have a commitment to innovation. We have an innovation lab concept through which we look at the startup community. We also look at some of the bigger companies as well from an innovation perspective — so yes, our innovation play is part of our solution."
"We started off with 11 employees here (in Bengaluru). In about 12 months, we are now over 300 employees. And that will be over 500 employees by the end of this year, and with further growth to come as we progress. It's a growth story," he said.
Ramsay and his team at Lowe's has already met dozens of Indian startups that the company may look to tap for new-age disruptive solutions. He declined to comment on whether Lowe's had started working with any of these startups.
"Every time I come here, I spend time with the startup community," said Ramsay. "Part of the reason we're here is because of the entrepreneurial, technology capability we see here. This is a happening place. And we absolutely want to be part of that."
Lowe's, which competes with larger US rival Home Depot and generates a majority of its revenues through sales from its offline stores, wants to increase the proportion of revenues it gets from online sales and is looking to leverage Bengaluru's startup culture and abundance of engineering talent to fuel the strategy.
(Image: Indiatimes)