New Delhi, Dec 7 (PTI) Product engineering solutions company AXISCADES today announced plans to set up its North American headquarters in Indiana and will invest up to USD 10 million over the next five years to launch operations there.

The company will initially lease space at 810 Brown St in Columbus that will serve as its North American headquarters and house its management functions, the company said in a statement.

Additionally, it plans to establish satellite offices in Indiana for customer-focused engineering teams.

“The advanced manufacturing and high technology environment in Indiana also provides a key element in our selection,” AXISCADES Vice-Chairman Sudhakar Gande said.

The company expects to create of up to 100 new jobs within the first year of operations here and up to a total of 500 high-wage jobs by the end of 2023.

This is published unedited from the PTI feed.