The company has made significant investments to the tune of Rs 1000+ crore in past 6 years, to further it’s commitment towards strengthening its local manufacturing and powering its capabilities towards India-focussed R&D and innovation.
November 18, 2020. By Manu Tayal
Energy efficient solutions provider Danfoss Industries Pvt Ltd has announced its bullish stance on furthering the presence of its Drives segment in India, to further its localisation and support the GoI’s mission towards an ‘Athmanirbhar Bharat’.
The company said that it has made significant investments to the tune of Rs 1000+ crore in past 6 years, to further it’s commitment towards strengthening its local manufacturing and powering its capabilities towards India-focussed R&D and innovation.
Being the world’s first Mass Produced Drive player and pioneer in drives technology since 1968, Danfoss Drives has been an industry veteran in developing, manufacturing and supplying energy efficient technology and electrification solutions to meet the global demand for sustainable technology across key sectors including food processing, water, ports, chemical and pharma, metal, cement and paper among others.
By 2025, it is estimated that more than 5 billion people (over half the estimated world population) will benefit directly or indirectly from the value added by Danfoss Drives globally in their everyday lives. Additionally, the current installed base of drives is estimated to help to save the annual equivalent of 60 hours of global energy consumption.
Since the company began its independent operations in India, Danfoss India has quadrupled its localisation efforts in terms of production and supply chain capabilities and projects 90 percent localisation by 2022. Today, Danfoss Drives’ India Design Center serves as a hub for Global High Power Designs, Application Development Center and Product Engineering Center and Center of Excellence in heavy industries.
Commenting about the Danfoss Global Drives business, Vesa Laisi, President, Danfoss Drives said that, “at Danfoss Drives, we are focussed on generating value from our decades of experience to help drive the sustainability goals of national and international governments, in a bid to help engineer a better and more sustainable future. Backed by a strong understanding of the global megatrends that are powering the world’s economic and social growth, we aim to push the boundaries of technology by innovating solutions to tackle climate change, helps cope with rapid urbanisation and helps improve standards of living among the citizens of the world.”
“Since its inception, Danfoss India has viewed the region with vast growth potential. We continue to be the market leader across several verticals such as commercial buildings, chemical, power, textiles, cement, pulp & paper, etc. due to our continuous innovation and value addition to customers. With the wide-spread adoption of our drives across key Indian industries, we have increasingly strengthened our resolve to make our Danfoss Drives business self-reliant where ~80% of our supplies are produced from India Campus with an increasing focus on building a local supplier base and enhancing process innovation for our customers in India. We are optimistic that the move towards increasing investments in the Drive segments will stimulate continued growth for Danfoss in India,” said P L Palanisamy, Director – Danfoss Drives, Danfoss India.
With a steady focus on building a strong Global R&D and Engineering function, the company has enhanced the product testing capabilities at global standards and increased the speed of innovation. It has also worked in achieving maximum self-reliance right from the sourcing of raw materials to the delivery of the finished products in India.
Currently, the final products from the Danfoss India campus are also exported to key markets such as US, Middle East, ASEA regions.
“Danfoss India’ commitment to India has been unwavering from the start and the recent increase in India investments of our Drives segment reinforces this commitment. The added step towards increasing our production lines is a testament to our success story in addressing the needs of our customers and the industry during these trying times. We remain steadfast in our journey towards complete localisation and stand in solidarity with the centre’s clarion call for “India for India” and the “Aatmanirbhar Bharat Abhiyaan,” said Ravichandran Purushothaman, President, Danfoss India.
AI will move from being a good-to-have technology to a must-have technology
We Need to Create Employment Opportunities that would Inspire Women to Join Clean Energy Space
There Must be a Penal Mechanism on Discoms for Delay in Signing PPAs, Payments Release
India’s Power Sector Must be Financially, Physically Resilient to Secure Investments it Needs