By .(JavaScript must be enabled to view this email address) - 28 June 2012, 15:53
In News, Fab & Facilities

Danish Danfoss invests US$100 million in Indian facility

Danfoss is planning on extending its Indian production site with a research and development centre. Image: Danfoss headquarters; wikidepia

Danfoss has announced plans to invest DKK1.5 billion (US$100 million) over a period of three years in its facility in Chennai, India. The company wants to invest the money to construct a new research and development facility as well as increase human resources at its production site in Chennai. The investment will make India Danfoss’ largest research and development centre.

The Denmark-based company is expected to sign an agreement with the Indian government over the construction of the 50ac site in Oragadam near Chennai, which is estimated to be completed by 2014. At present, 200 people are employed at the Chennai location but Danfoss hopes to increase the workforce to up to 2,000.

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Danish Danfoss invests US$100 million in Indian facility

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