{"id":2576,"date":"2013-06-14T16:37:27","date_gmt":"2013-06-14T16:37:27","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=2576"},"modified":"2013-06-14T16:37:27","modified_gmt":"2013-06-14T16:37:27","slug":"danfoss-to-invest-100mn-in-india-by-2015","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/danfoss-to-invest-100mn-in-india-by-2015\/","title":{"rendered":"Danfoss to invest $100mn in India by 2015"},"content":{"rendered":"<p><a href=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/06\/index2_image.gif\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/06\/index2_image-300x209.gif\" alt=\"\" title=\"index2_image\" width=\"300\" height=\"209\" class=\"alignleft size-medium wp-image-2577\" srcset=\"https:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/06\/index2_image-300x209.gif 300w, https:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/06\/index2_image.gif 730w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Danish company Danfoss will invest close to $100 million in India over the next two years. <\/p>\n<p>The $6 billion company makes components that help improve energy-efficiency and are used in various industrial applications like air conditioning, heating buildings, controlling electric motors and powering commercial vehicles. <\/p>\n<p>The investments will go into expanding its manufacturing and R&#038;D presence in the country, the company&#8217;s president and CEO, Niels Christiansen said. Danfoss generates revenue of about $100 million from its India operations and is targeting revenues of $1200 million by 2015, Christiansen said. <\/p>\n<p>The company has been present in India for over 15 years now, and has a manufacturing unit near Chennai which makes filter-driers for refrigeration and air-conditioning units. <\/p>\n<p>Danfoss has already invested close to $88 million for its manufacturing plant and R&#038;D unit in India and is in the process of setting up a new centre in Oragadam near Chennai, he said. &#8220;The R&#038;D centre will be among the largest for the company ,&#8221; he said. Danfoss now has about 500 employees in India, half of them in the R&#038;D team,&#8221; he said. <\/p>\n<p>Danfoss will also channel the investments for expanding the reach of its products into tier-2 cities in India, and also expand its product portfolio in India . The company currently has filter-dries for refrigeration , pressure controls for airconditioning products, and power drives for other Industrial applications. &#8220;We are looking at a number of other product lines, but we haven&#8217;t finalized them yet,&#8221; Noel Ryan, the company&#8217;s global head for commercial compressors said. <\/p>\n<p>On completion of the new centre at Oragadam near Chennai , the company plans to make Chennai a global hub for sourcing some of its products. &#8220;Some products we make here are also made in Denmark, Mexico or other locations but we plan to have a few products that will be made solely in the Indian manufacturing unit,&#8221; Ryan said.<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fdanfoss-to-invest-100mn-in-india-by-2015%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"excerpt":{"rendered":"<p>Danish company Danfoss will invest close to $100 million in India over the next two years. The $6 billion company makes components that help improve energy-efficiency and are used in&#8230; <a class=\"meta-more\" href=\"https:\/\/www.franchisemart.in\/franchise\/danfoss-to-invest-100mn-in-india-by-2015\/\">Read more <span class=\"meta-nav\">&raquo;<\/span><\/a><\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fdanfoss-to-invest-100mn-in-india-by-2015%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2576","post","type-post","status-publish","format-standard","hentry","category-news","entry"],"_links":{"self":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/2576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/comments?post=2576"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/2576\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/media?parent=2576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/categories?post=2576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/tags?post=2576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}