Danfoss Plans to Boost Local Manufacturing Over 5 Years in India
India: Danfoss, a global leader in HVAC and compressors, announced plans to enhance local manufacturing in India over the next five years, aligning with the government’s Make in India initiative. Earlier this year, Danfoss India, the Denmark-based company’s subsidiary, committed a ₹ 500 crore (USD 60 million) investment to develop local manufacturing for HVAC systems, refrigeration compressors, and controls. This investment aims to strengthen Danfoss’ competitiveness, address geopolitical shifts, and capitalize on emerging business opportunities.
“As the country's heating, ventilation, air-conditioning, and refrigeration sector continues to expand rapidly, Danfoss management's decision to support its customers through increased localisation and the addition of new product lines for compressors, heat exchangers, and controls will help bring world-class Danfoss solutions to the Indian market.”
Source: Business Standard