INDIANAPOLIS — Northwest Indiana will not be home to the Indian product engineering solutions company that Gov. Eric Holcomb last month persuaded to locate its North American headquarters in the Hoosier State.
Sudhakar Gande, vice chairman of AXISCADES, announced this week that his company chose Columbus, Indiana, located 45 miles south of Indianapolis, to house its U.S. expansion.
Gande did not indicate which other Indiana communities were considered by the company, which plans to create up to 500 jobs and invest $10 million in its Indiana operations over the next five years.
Columbus offered the company up to $50,000 in performance-based incentive funding for relocation and start-up expenses.
AXISCADES also is poised to receive up to $4.3 million in conditional state tax credits, $500,000 in training grants and an additional $1 million for its infrastructure needs from the state's commerce agency, also known as the Indiana Economic Development Corp.
"We are privileged to partner with Indiana and the city of Columbus to set up our North American headquarters," Gande said.
"We are excited to leverage the availability of skilled engineering talent in Indiana as well as the state's strong education system to meet the growing skill demands of the future."
Holcomb inked the deal to bring AXISCADES to the state during a stop at the company's global headquarters in Bangalore, India, on his most recent foreign trade mission.
The Republican said AXISCADES' decision to choose Indiana "sends a clear message that the Hoosier State offers the pro-growth business climate and the tools companies need to thrive."