Xerox Corporation, inaugurated its first ever innovation hub in India at the Olympia Technology Park in Chennai.

The concept of such initiative is to bring Xerox's scientists & engineers and leading Indian academic institutions, research labs and industry partners under one roof. "Open innovation" is the motto of this particular project. The hub will undoubtedly act as a link between Xerox Corporation and India.

Chief Technology Officer and President of the Xerox Innovation Group, Dr. Sophie Vandebroek informed that India is the world's largest and fastest growing market as far as technical innovations are concerned. At the same time it has been blessed with some extra ordinary analytical brains. He also revealed that the India Innovation Hub is an effort to create more sophisticated research facilities in India.

The company can use the nation's local knowledge to extend its expertise in global initiatives. Initially the firm will emphasize on developing various document management solutions for the emerging market countries like India.