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Volvo sets up IT, development centres in India

MUMBAI, Feb 21 (Reuters) - Swedish truck and bus maker Volvo on Tuesday opened a new technology centre and a product development unit in Bangalore, and said it would step up sourcing of services from India as business expands. Volvo 3P, which employs about 60 people, will make India a base for development of Volvo trucks, while Volvo IT will step up sourcing of services from India, the company said in a statement.