Danfoss announced the completion of its 20 years of independent operations in the Indian market.
Entering the Indian market in the 1960’s as a Denmark-based sales organisation with expertise in climate and energy solutions, the company later set up Danfoss Industries Pvt. Ltd. in 1999 in Chennai as a 100 per cent subsidiary of Danfoss.
Kim Fausing, President and CEO, Danfoss said, “India is a strategic market and we have set a strong foundation of growth in the Indian market, especially across food and energy-efficiency sectors. We are currently focussed on expanding our portfolio through dedicated partnerships and firm customer relations, thereby setting precedence for engineering tomorrow’s India”.
With an investment of over $100 million, the India facility in Oragadam, Chennai is a global manufacturing benchmark for energy efficiency and sustainability. In line with ‘Make in India’ the company has developed technologies, products and solutions which cater to the business requirements of a sustainable India and rest of the world.