IT major Satyam computer services Ltd on Monday said it will set up a new centre of excellence at Hyderabad to bring technology enabled innovations in the process manufacturing industry.

The centre named Process Manufacturing Innovation Centre of Excellence would help companies to take advantage of the advancements made in IT - mainly in areas of product and process innovation, Satyam said in a communique to the Bombay Stock Exchange.

"We are partners with leaders in the industry, as well as premier academic institutions like Purdue University, ISB and industry associations like CII in India and others across the globe," Satyam manufacturing and automotive business director and senior vice president Subu D said.

"As a result, we would offer innovative solutions using a highly collaborative environment which would provide our process manufacturing clients the expertise, speed, precision and agility they need to stay ahead in their market segments," Subu said.

The simulation and virtual reality facility would reduce risks, while expediting time to market and ensuring return on investment, the company said.

The Hyderabad PROMICE would feature latest technology infrastructure with the domain experts catering to a wide range of industry verticals -- metals and mining, building materials, pulp and paper, textiles, leather, plastics, rubber, chemicals, and pharmaceuticals.

Already, Satyam services several top global companies in steel, chemical, glass, food, pharmaceuticals and cement industries.