Danfoss India commissions Rs. 500-cr facility in Chennai.

Danfoss India, a major player in the climate and energy space, recently inaugurated its new manufacturing, research and development campus in Oragadam, near Chennai.

It is the Indian subsidiary of Danfoss Global, a leader in energy management and cold chain technologies.

The plant, set up with an outlay of Rs. 500 crore, has a 1MW solar power plant which will generate electricity sufficient to power 10 per cent of electricity requirements of the campus.

Building on the make in India mission, Danfoss, through its focus on local manufacturing and R&D in the new campus, plans on making India a manufacturing-cum-export hub for its regional subsidiaries. Danfoss will also be sourcing products from local suppliers, thereby creating ancillary jobs.

'India being a high-growth market for us, we kickstarted our Make in India initiative two years ago having assessed the tremendous potential for growth in the Indian manufacturing sector. We are pleased to commence our manufacturing at the right place and at the right time and believe this will enable Danfoss India operations to become the export hub for Asia-Pacific markets,' Niels B Christiansen, President and Chief Executive Officer, Danfoss Global, said.

The 1MW solar park is expected to help generate 1.5 million units per annum.


HBL