Friday, November 07, 2014: Danfoss Industries, the mechanical and electronic components maker, has established its manufacturing, research and development unit near Chennai. The company has made an initial investment of Rs 5000 million to set up the plant.
The company is planning to make India a manufacturing-cum-export hub for its regional subsidiaries. They had stated that by judging the country’s high growth potential in its manufacturing sector, they had kick-started there ‘Make in India’ initiative almost two years back.
Niels B Christiansen, Danfoss Global, president and chief executive officer said, “We are pleased to commence our manufacturing at the right place and at the right time and believe this will enable Danfoss India operations become the export hub for Asia-Pacific markets.”
They had also mentioned about their plans to deploy power plant to generate 1MW of electricity, which will be sufficient to meet 10 per cent of electricity requirements of the campus.